Yuan will not be pressurized.

China will not repeat Japan's mistake in the 1980s and let its exchange rate surge in response to foreign pressure, said an adviser of China's central bank on Sunday, firing back at increasing pressure from the United States over China's foreign exchange rate policy
Li Daokui, an economist and member of the monetary policy committee of the People's Bank of China, said the exchange rate is just one of the many tools that China could deploy to adjust the structure of its economy. The country may choose other means, such as boosting domestic consumption and increasing imports, to achieve a trade balance, he said.
"China will not go down the path that Japan did and give in to foreign pressure on the yuan's exchange rate," Li said at an industry forum in Beijing.
"I think there is still a huge potential to boost China's domestic consumption," he added.
Many Chinese officials and researchers are wary of the experiences of Japan, which bowed to pressure from the US in 1985 to sign the Plaza Accord that allowed the Japanese yen to rise sharply to reduce a bulng US trade deficit.
But as money poured into Japan to chase the yen higher, loose monetary policy inflated an asset price bubble that burst in the beginning of the 1990s, ushering in two decades of economic stagnation for Japan.
Li said on Sunday that the economic circumstances in China today are very different from those in Japan in 1985.
"The biggest difference is that China has a huge domestic market," he said, noting that domestic consumption and the country's urbanization can sustain China's GDP to grow more than 9 percent annually in the next 10 years.
During the past few weeks, US lawmakers have been pressing for legislation that would require the US government to apply punitive sanctions against China and other countries with allegedly undervalued currencies.
US Treasury Secretary Timothy Geithner said last week in congressional testimony that the US will use every available tool to urge China to let its currency rise more quickly and blamed the slow pace of yuan appreciation for US' trade deficit.
However, China has largely reduced its trade surplus during the past few years, Li said.
"But what has the US done to reduce its trade deficit?" Li said. "The US should pay much more attention to its own problems."
China vowed to make the yuan's exchange rate more flexible on June 19, ending a two-year peg to the US dollar. Since then, the yuan has gained 1.5 percent.
Earlier this month, China reported that its trade surplus shrank in August from July, as imports picked up.
Tracking the Dow on Friday,24/09/10.

9:30am:--Bullish 100.0 points gap up.Orders for U.S.-made durable goods fell less than expected in August.

10:30am:--Session high,inverted hammer.New-home sales remained flat in August.

11:30am:--Pullback time but still near the high.

12:30pm:--Consolidation phase and the bulls still in control.

1:30pm:--Another session high.Capital spending data in U.S., German sentiment help lift equities.

2:30pm:--A slight pullback and then hit a new session high.

3:30pm:--Slight profit-taking. Investments in capital goods continued to rise in August and this will increases demand and spurs job opportunities.

4:00pm:--Bearish spin.A slight pullback to follow.

The bulls are on rampage again bringing the spot month index to a new high.Since the overall candlestick for the month to date being a white bullish formation,any pullback is negligible.

It turns out the recession ended more than a year ago as declared by The National Bureau of Economic Research a group of economists based in Cambridge, Mass. It's their job to declare when recessions officially begin and end.

So now the party has begun.

Gender change.

Thailand has a thriving sex change industry, but doing the opposite – making a woman into a man – is difficult and it will cost about US$12,000 an inch, at least for the first inch, says Thailand's most famous transgender surgeon.
The price per inch goes down but the pain goes up for acquiring a longer bit of wedding tackle. At that, having your gender reassigned is cheaper in Bangkok than anywhere else on earth, and it's so common that it is advertised in the newspapers in bold print, attracting generations of journalists eager to tell the tale.
Thousands of people flock here from all over the world, but particularly the United States, Australia, Europe, China, Japan, South Korea and the Middle East, mostly men seeking to match their softer side with a physique to match.
Using a penis to create a vagina is relatively easy compared to the surgical difficulty of constructing a penis with a clitoris, says Dr Preecha Tiewtranon, who bends people both ways. "I have done more than 3,500 of this kind of operation in 30 years," Preecha said during a recent interview at his modern, three-story, white-walled Preecha Aesthetic Institute on upmarket Thonglor Road (http://www.pai.co.th/). Preecha leads a staff of 15 plastic surgeons slicing, dicing and reconfiguring both male and female sexual organs.The Thai government recently changed its law on transgender operations and now requires Thais to wait at least one year before undergoing a sex change. In response to the new law, Preecha says he sends his Thai patients to two psychiatrists to confirm that the individuals qualify. After a surgeon slices off the male organ (aaagh), and plumps the breasts with implants, the newly created woman can usually enjoy sexual relations and climax, he says.

Tracking the Dow,Friday 10/09/10.(5 market days to index/options futures expiry)
9:30am:--A bullish 50.0 points spike up due to unemployment benefits fell last week but a sudden pullback caused by news that Deutsche Bank was considering raising money through a stock sale.

10:30am:--A shooting star at session high.Awaiting U.S. President Barack Obama's news conference for any comments on the economy.

11:30am:--Bearish harami.Pullback to the opening gap.

12:30noon:--Consolidation time.Retracement to the session MAV resistance line.

1:30pm:--Bullish spike up. Inventories held by wholesalers surged in July by the largest amount in two years while sales rebounded after two straight declines.

2:30pm:--Bulls are holding tightly.July consumer credit data showed that credit fell another $3.6 billion

3:30pm:--The high of the day,a shooting star.

4:00pm:--Bearish hangman at the close.

As usual the high volatility starts 7 days before the index futures expiry.This time around the invinsible manipulators used the European banking distress to fulfill their agenda.An old issue that is being brought up again.

The following day they just say that the fear is overdone.

So now what's next when the rollover of contracts start next week?Are we in these 3 days of bull trap again?

It's seven weeks before important elections when control of Congress is at stake,the current administration might not be doing enough to overcome the abyss especially the unemployment problem.

Mountain House bubble.

Samling, the giant logging company owned by the timber tycoon Yaw Teck Seng and favoured with numerous timber licences by the Chief Minister, Abdul Taib Mahmud, was at the heart of the housing bubble that led to the sub-prime mortgage crisis and the world economic crash, according to our exclusive research.
We have established that Mountain House, a major new-town development in San Joaquin California, currently labelled as the ‘epicentre’ of the housing crash, was a Yaw family project.
...continue http://malaysia-today.net/mtcolumns/from-around-the-blogs/34257-samling-at-epicentre-of-sub-prime-crash
...if being block by authorities:-http://groups.yahoo.com/group/beritamalaysia/message/114534
..Or
http://sarawakreport.org/2010/09/samling-at-epicentre-of-sub-prime-crash/
Tracking the Dow,Friday 3/09/10.Ten market days to index futres expiry.
Labour Day Holiday Monday,all market close.
9:30am:--Better-than-expected data on the labor market.Bulls strike 10 points homebase.
10:30am:--Session high pullback to MAV support line.Shooting star.Nonfarm payrolls fall by 54,000 in August, less than the 90,000 drop Wall Street had forecast.
11:30am:--Retrace to MAV resistance . 12:00noon:--It's consolidation time,spinning doji's slightly above the MAV support line.
1:30pm:--Bulls spike up.Energy stocks rose.
2:30pm:--Intermittent profit taking near day's high. The nation's unemployment rate ticked higher to 9.6% in August from 9.5% in July.
3:30pm:--A morning star doji. Cheap big financial stocks on the move.
4:00pm:--Ending the day with a bullish engulfing ready for the spillover.
We are now in the end of 3rd quarter of the year.The Dow crashes a bit early this year instead of the usual October month.
The overall first week Dow's candlestick has shown a very bullish pattern.
Players may come in with a fullforce after the Labour Day Holiday.
Overseas strength and better-than-expected economic data acted as the main drivers behind the buying interest.
The much anticipated August employment report marked the most important event of the week.