The Peoples bank of China increased reserve requirements to 16% for big banks and 14% for smaller banks to try to cool off their heated economy.  Analysts are expecting more increases and expect Chinas central bank to implement further controls on lending.  The Dow Jones index is down about 100 pts in afternoon trading but still above the key 10,000 level.  Commodities under pressure because Chinas growth has been a bullish theme for commodities.  China is trying to lower its growth rate from double digit to high single digit growth.  This is the 2nd time the government has increased bank reserve requirements.  The dollar is higher on the new sending investor into increased risk aversion.  This is very much a surprise especially after its surprising lower inflation numbers posted recently.   William Sergautis ChartTrader.com  Hollywood,  Florida