Property boom Inner Mongolia.

Ordos city is located in Inner Mongolia, China founded on February 26th 2001.The area of Ordos city can roughly be divided into a hilly area in the east, high plateaus in the west and center, sandy deserts in the north and south and the plains at the southern bank of the Yellow river. There are two large deserts within the territory of Ordos city, namely the Kubuqi Desert in the north, and the Maowusu Desert in the south.
It is extremely rich in natural resources, having one sixth of the coal reserve in China. The pillars of its economy are textile (wool), coal mining, petrochemcial, electricity generation and production of building materials.
The city is known for its lavish government projects, which erected a whole district of fancy buildings and abundant infrastructure that is seldom used by residents.Boosting the economy with corrupt stimulus plan.
Ordos together with Hohhot and Baotou which lie in the north shore of Yellow River creates the most active `Golden Triangle` in the economic development of Inner Mongolia Autonomous Region.
Rich in precious resources, Ordos becomes famous in the world. It has two world-level open-cast coal fields which are modernized and large-scaled. They are Dongsheng Coal Field and Junggar Coal Field. Ordos also has a Sulige Gas Field which is a world-level equipped natural gas field.

Ordos owns the biggest cashmere-manufacturing base in the world. `Erdos` is the famous brand of Ordos Group. As the emblematic brand in China Industry, Erdos can be listed in the front in `Chinese Most Valuable Famous Brand` with its brand value of ￥1506.7 billion.

With access to cheap money,they are creating a glut of premium office space and luxury apartments, priced at about 80 times the average income of the city's residents. Prospective middle-class homeowners, in panic-buying mode, are snapping up two properties at once, hoping to flip the second one to finance the first. Civic officials are encouraging the building boom.But most of the buildings are vacant and looks desserted,very soon they'll have the bubble burst
INNER MONGOLIA, in China's far northern territory, is the fastest growing province for insurance premium with total premium revenue topped 10 billion yuan ($1.4 billion) so it's time for insurance agents to ride on their bullishness.

The beginning of Dow's February Index Futures Contract.

It's the PivotDay of the 2nd part of February.
9:30am:--Opening gap up was immediately filled and hitting a low.

10:30am:--Retracement above MAV,Graveyard doji.

11:30am:--Pullback to near low,a bearish morning star.

12:30noon:--Another attempt to near low this time a real morning star.

1:30pm:--Holding at bear pivot,bullish retracement.

2:30pm:--MAV resistance breakout.We got graveyard doji and shooting star.

3:30pm:--Bearish harami engulfing.

4:00pm:--A last minute bullish short-covering signalled bulls are still on the move.
Monday's pullback was held within the candlestick body of previous day.Any further downturn will be held near the bull pivot
Fed Chairman,Bernanke is not scheduled to offer any testimonies until Wednesday in a speech about monetary policy and the state of the economy, according to the latest schedule from the House Financial Services Committee.