Everyone knows the path down is alot faster than up. Bidu has to test 100 again before earnings, China is in a world of hurt with all their exports sitting on the docks, extreme unemployment is near. The fact is, until the US rebounds the world suffers, just how it is boys.
as a long term, fundamentals investor, technical analysis is like a foreign language to me, but if it truly is an effective tool then i should learn more about it.
do you mind if i ask, what kind of success rate does it provide you historically? maybe just as an example for technical dummies like me, what percentage chance would you put on being correct with the $120 this week call? are you, say, 75% sure? or higher, or lower? (honest answer, please, if possible - it's an honest question). thanks in advance.
I find it amusing that you would apply fundamental analysis to any chinese company right now, given recent news about Justice Department investigations. Think about that for a second.
I'll give a sports analogy which works better in this case...
When life lobs you a softball you gotta hit it!