World's biggest high-speed train.

China is investing 2 trillion yuan ($292.9 billion)in a nationwide high-speed passenger-rail as part of its economic stimulus package.
The contractors:-
Montreal-based Bombardier Inc., the world’s largest maker of passenger locomotives, and
Munich-based Siemens AG are helping to build the system. Bombardier’s Chinese joint venture won a $4 billion contract in September to build 80 high-speed trains. Siemens, Europe’s largest engineering company, and Chinese partners received a 750 million-euro ($1.08 billion) order in March for 100 trains.
The centerpiece of this bullet train at 250km per hour service:-
The 1,318-kilometer line with 16 kilometers of tunnels that will cut the trip between Beijing and Shanghai to five hours from 10. Set to open by 2012, the 221 billion-yuan project currently employs 127,000 workers and is the most expensive engineering program in Chinese history, eclipsing the Yangtze River’s Three Gorges Dam, the world’s biggest hydroelectric project, which cost 203.9 billion yuan.
The conventional train fare is definitely cheaper.

Tracking the Dow,Monday 21/12/09.

Asian Index futures expiry:31/12/09.(rollover contract starts next Monday)
9:30am:--50.0 points Bullish open,no economic releases so trading volume could slow.

10:30am:--Session high with bearish engulfing.

11:30am:--Bulls holding,no sign of opening gap being filled.

12:30noon:--Bearish graveyard dojis.Pullback time hour.

1:30pm:--Pullback held at bull support pivot.

2:30pm:--Slight retracement and a double hit at the bull support pivot with bearish advancing soldiers.

3:30pm:--Supporting bulls out of the tow line.Bears hammer.

4:00pm:--Weak last minute retracement,prior to that was a graveyard doji warning sign.Profit taking to follow.

Monday's upper shadow still has room to be lighted again but the closing was just an inch from the MAV support line and might be covered slightly before bulls stage another rally.

No economic news so the analysts created their own theme through merger news,just to please their asian peers who are going to face index and options futures expiry.

Again the analysts are the main benefacto of this spike up taking advantage of the weak volume.