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Originally Posted by FirstConsul
Well, the traditional measure rule would be to take the neckline and minus it from the peak of the head. Which gives us about $8 here.
So... That would be a target of $54, which was my initial bear target.
Let the market do its own work  , $45 is only a big guess... |
ha, It's a valuation of what I see as the most fair (bias's exculded) valuation model's output. Fundementally it should be around $45. I think the market will correct to $45 given enough time, till the end of the year 06'. Not only is China slowing down from a cycle, if they do it wrong, which is a fair chance since they do not have the tools our government does to help smooth out economic cycles, we would see demand fall even more than it has been as of late.