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.