Looks like the bubble is in sight.

Federal Reserve Chairman Ben S. Bernanke yesterday said the economy may ``slow noticeably'' in the current quarter.

Consumers are under heavy pressure from rising energy prices, falling home values and financial market worries.''

Fannie Mae owns or guarantees about 20 percent of U.S.A $11.5 trillion residential mortgage market. Congress created Fannie Mae to expand home ownership. The company, which increases mortgage financing by buying loans from lenders, profits by holding mortgages and mortgage bonds as investments and by charging a fee to guarantee and package loans as securities. It sees losses when defaults and foreclosures rise.

Fannie Mae had been working to correct the flaws in its accounting and internal controls that led to a $6.3 billion overstatement of earnings. The errors prompted the ouster of Chief Executive Officer Franklin Raines, delayed financial reporting and resulted in a $400 million federal fine.

The writedowns from financial companies tell you that subprime is a significant issue and dealing with its hangover is going to take some time. The yen will continue to benefit.''

ECB President Jean Claude Trichet said yesterday the decline in the dollar has been ``brutal".

French President Nicolas Sarkozy told a joint session of the U.S. Congress on Nov. 7 that the Bush administration must stem the dollar's plunge or risk triggering a trade war.

The dollar weakened yesterday after Fed Chairman Ben S. Bernanke said in testimony to lawmakers the economy will cool ``noticeably'' in the fourth quarter.

The yuan headed for its biggest weekly advance against the dollar since 2005 after U.S. Treasury Secretary Henry Paulson said China is ``out of step'' with calls to let its currency apprecPaulson reiterated his support for a ``strong'' dollar and also said a currency's value should be based on economic fundamentals.

Meanwhile the Fed has announced that it's moving the release of October30-31 FOMC Meeting minutes to November 20 from November 21.

So are we going to see the market being hammered close to this date again just in time for the new Dow Index Futures month.This is been a case in the previous July month crash.Very well syncronised timing and then rates hope play again.

Tracking the Dow Movement On Thursday 8/10/07

The shooting star candlestick has reached for the sky and a closing market "bearish hammer"candlestick says the next following session will be hammered again.

A bearish "Hangman" was formed on Thursday and was spinning below the bearish zone beneath the weekly pivot line.That will be disastrous if we were to put the preceeding day candlestick together.

Tracking this week Shanghai Stock Exchange Composite.

*Looks like the chart pattern is similar to the Dow chart above.*Shanghai stock market has burst-warning!*Looks like the Great Wall of China was built during spring till autumn(the bullish market) during the reign of Qin Shi Huang in the Qin Dynasty.

*The market will start to revive again in the Ming Dynasty (rebuilding the Great Wall) after winter month.History repeats itself!