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Short Positions
S/N	Stock	Date Start	Short Sell	Stop	Last	Buy	Date End	Cycle Phase	Risk Level	Status
1	Cougar	31-Dec-2007	0.615	0.490	0.480	-	-	Accelerated Downtrend	High	Active
2	Hong Leong Asia	31-Dec-2007	3.700	3.780	3.790	3.780	3-Jan-2008	Initial Downtrend	High	Close
3	Macquarie Meag Prime	31-Dec-2007	1.110	1.080	1.070	-	-	Accelerated Downtrend	High	Active
4	Parkway Holdings	31-Dec-2007	3.940	3.900	3.840	-	-	Initial Downtrend	High	Active
5	Swissco	31-Dec-2007	1.270	1.270	1.250	-	-	Initial Downtrend	High	Active
6	Wing Tai	31-Dec-2007	2.700	2.570	2.500	-	-	Accelerated Downtrend	High	Active
7	Biosensors	7-Jan-2008	0.915	0.935	0.905	-	-	Initial Downtrend	High	Active
8	China Farm	7-Jan-2008	0.595	0.600	0.580	-	-	Initial Downtrend	High	Active

Comments on Straits Times Index ( STI )
STI is in the Accelerated Downtrend Phase.
UOB Catalist is in the Initial Downtrend / Consolidations Phase.

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