Olympic Stocks.

3 China Stocks to Watch as the Olympics Approaches.

1.) Universal Travel Group's (UTVG.OB)---Universal Travel Group is certainly a stock that will do well from the Games, benefiting from the confluence of greater spending power and increased travel from both domestic and international tourists.

2.) China Yida (CYID.OB) is another, with its world class tourist destination in the Great Golden Lake which, despite it being a little off the beaten path, makes for a great summer getaway.

3.) Media stocks should also be looking up. The only pure play left in the C.O.P. Index(China Olympic Play) is Legend Media (LEGE.OB), an airtime aggregator in the radio advertisement space. This company is still in its ramp-up phase and it will be interesting to see how it deals with the opportunities that will surely come its way this summer.

So the countdown has begun to 08/08/08 .(100 days to go)

Tracking The Dow on Friday,02/05/08

9:30am--A nearly 100 points gap-up. April employment report, which was better than expected on most fronts stir up the opening.10:30am--An early high being set,so the MAV will be (13,130+13,010)/2=13,070.It covered only a quarter part of gap.Open a buy,long position on seeing a bullish spin.11:30am--It failed to advance,a shooting star and bearish harami was seen along the way.The index keeps on piercing the MAV trying to find low.Clear position,cut loss.12:30pm--It's confirmed covering 3/4 of the gap.1:30pm--The 2nd low being set after completing full gap cover.So now the range to the MAV is a small range,not feasible for any new position.The candlestick pattern now resembles a graveyard doji,ie a very long upper shadow.2:30pm--Still hoovering in the bear county and looking at the time,the full recovery looks limited.A bullish harami,so enter buy again.,3:30pm--Close position,sell-short.the graveyard doji here is frightening.4:00pm--Now only the market-makers bring the index to MAV of the day.Very good manipulation.

The bulls are taking a pause for the weekend and will be back in action again.Friday's candlestick is piercing through the bull-pivot.