Latest China IPO box office.

Youku.com Inc. American Deposit (NYSE:YOKU),is an online television/online video portal which operates as a Chinese Internet video Website. It offers user-generated and professional video content in China and internationally. The company also provides Youku Index, an online video ranking to track the popular videos in real-time. In addition, it offers Partnership Plan 3.0, a strategic map aimed at rationalizing and developing an online copyright market for China. The company enables Chinese Internet users to watch and share videos. Youku.com Inc was formerly known as 1Verge, Inc. and changed its name to Youku.com Inc in 2008. The company was founded in 2005 and is based in Beijing, China.
It was listed on the 8th December 2010 with an opening price of USD27.00(priced 15.368 million shares at $12.80).The company has its headquarters on the fifth floor of the Sinosteel Plaza building in Haidian District, Beijing.It was founded by Victor Koo, former President of Chinese Internet portal Sohu.

Tracking the Dow on Monday,27/12/10

Asian Index Futures Expiry:31/12/10
09:30am:-- Bearish 40.0 points gap-down.China's central bank tacked on another 25 basis points to its target lending rate and deposit rate.

10:30am:--A retracement to session MAV resistance,dark clouds.

11:30am:--Holding near MAV resistance,finding a support at the bear top.

12:30noon:--A breakout of the resistance line.Bulls in sight.

1:30pm:--Another bullish rebound.Inverted hammer.Tech stocks are the main supporter.

2:30pm:--Ascending soldiers on scene reaching the bull resistance line.

3:30pm:--Shooting star at the bull resistance line.

4:00pm:--Bearish engulfing.Traders are still on vacation judging from the thin volume.

A post holiday season hangman candlestick.Pullback to follow,the spinning top on Thursday is also a concern as this might blow off the lighted candlestick.

China's central bank Christmas gift to the Dow, another 25 basis points to its target lending rate and deposit rate. The decision, which is intended to stave off inflation, rekindled concern about slower growth in China and, in turn, a more sluggish global economic recovery.

Live fire drill near axis of evil.

North Korea is an authoritarian regimes and a one party state.Recently they have a missile called "the Musudan."
The Musudan is now playing a starring role in reports this week prompted by WikiLeaks' release of U.S. diplomatic cables. One of the documents says that Iran has obtained 19 of the missiles from North Korea, prompting news reports suggesting that the Islamic republic can hit targets in Western Europe and deep into Russia - farther than Iran's existing missiles can strike.
However, experts who analyzed Oct. 10 photographs of the Musudan said it appeared to be a mock-up. Such documents sources are a bit muddy.
A large quantity of Soviet naval ballistic missile parts were shipped to North Korea during the Soviet collapse of the 1990s and the Musaban might have its origin.
The latest news that sends shivers throughout the financial market is that South Korea plans to carry out a planned firing drill from an island near the border with North Korea from Monday morning.North Korea has threatened reprisals if the drill goes ahead.
The North Koreans will just keep their Taepodong Missiles for display purposes and strike hard to its neigbours and the foward deployed South Korean armies and US forces by employing lethal chemical weapons that virtually all the fire support systems in its inventory could deliver.
Tracking the Dow,3rd Friday being Quadraple Witching Day.
09:30am:--Bearish Open gap-down.Renewed concerns about the euro zone debt crisis after Ireland's credit rating was slashed.Bullshit:Funds unwinding position for year end book closing.

10:30am:--Holding near session bear support.Graveyard dojis.

11:30am:--After finding a morning session low,index is hoovering now near MAV resistance line.

12:30noon:--Still hoovering near the MAV resistance line.

1:30pm:--A bullish breakout of the MAV resistance line.

2:30pm:--Attempts to break the day's highest failed.Bearish hangman noticed.

3:30pm:--Day's bullish support line being hit.Bearish engulfing.

4:00pm:--A last minute short-covering near day's high.

Stocks were very volatile as quarterly "quadruple witching"occurs during the session with stock index futures, stock index options, stock equity options and single stock futures expiring. Investors typically reduce their positions in the run up to Christmas creating low volumes in the markets, which could add to the volatility.

Friday's candlestick depicts that of a hangman and could see further profit taking below the lower shadow.

Don't worry,those ratings downgraders will be using their theme to playdown the markets.