I have been monitoring the China market for 2 years now. I have stated before that if we lose this chip, the 'global economical recovery' houdini act is over...

Well, this week the Shanghai composite index has broken the long term technical triangle pattern to the down side. If you trade global markets, this is a signal to start fading the upside. There will be a sell off in Q3 or Q4 and if delayed, then 2012 will be a sell side year.

And now IMF suffers a hack attack...

The global money tension smells really crappy...

http://gizmodo.com/58110...he-latest-to-get-hacked

Update -> I think this video explains it... The internet is becoming an unprecendent warzone with no borders...

http://www.youtube.com/watch?v=TQLFHUEZuMU

And you thought the KE cops are the only ones that correct evidence at crime scenes...

http://www.youtube.com/w...feature=player_embedded

And even more damning...

http://www.youtube.com/w...;feature=player_embedded

And the greeks say that their finance minister (Papaconstantinou aka G Pap) should be awarded the best Goldman Sachs employee of the decade for the 'good job' he's done aka boom, bust & now a clear default... I wonder who likes Goldman, maybe I should conduct a poll. The dislike of global banks is phenomena also like a bullish extreme... Is the sky about to fall?

Pic courtesy of preza.tv
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http://prezatv.blogspot....uropean-revolution.html

Goldman Sachs china recommendations:-

Mar 31 2011 ->
http://www.businessinsid...an-china-bullish-2011-3

May 24 2011 ->
http://www.marketwatch.c...-452e-8921-5f5b3d553a56

Interesting, quite flipflop...

China inflation & a silent bailout they did on May 25th to local gubberment institutions is the signal. And their shanghai market says so.

China data released today shows inflation still high up (5.5%) back to 2008 levels. Considering the fudging the gubberment has done in recent months and admitted it, I wonder what is the real figure. One of my favourite meals at pizza hut (rice sea food) is up almost 45% in 10mths. Food inflation is sky high and u can google all these info. Their gubberment will lose control of the dollar peg and revalue the RMB/yuan. That will hurt their economy. GDP 10% plus growth is officially over. Soros is in china and am sure his target is the RMB revaluation which has already begun. For a long time it has been held at USD/RMB 6.77-6.85. Now its below 6.5 in a few mths. Such a fixed peg this is... It's becoming disorderly just like the KES... Since RMB is untradable, HKD (hongkong dollar) is the better candidate for futures trade play.

Global mkts are on a slow motion sell... Mar 2008...

Btw the Japanese data today has killed off the supply chain debate. It's off the cliff and BoJ is back to wild lending or accelerating the yen printing inkjets...

Coincidentally this is post 666... Pretty uncomfy...

Update - This hacking stunts are now getting out of hand...

http://www.pcmag.com/art...2/0,2817,2386880,00.asp