The market is up but I think it will stop short of 15,500 and we'll see profit-taking. The market is still very unsettled and the turnover is not there to support the idea that people are coming back to the market.

We've had one night of the Nasdaq doing well, we don't know what the next night will bring. The market's not really relaxed about the situation.

There is still a worry about a possible major correction on Wall Street in the short term.

There is buying this morning on relief after the interest rate news but people are hesitant to go all out because the focus is shifting to what Taiwan's new president will say in his inauguration speech at the weekend.

H-share valuations are quite expensive and heavy profit taking will continue ahead of earnings announcements. Smart investors have already reduced their holdings in these stocks.

No one knows what the market will look like next year and a profit warning from Intel does not bode well.