First, I would like to say that if you are so good in TA, then you can quit your full time job and make billions of dollars in the market. Whether LU will drop to $94, $85 or $60 is just everyone's guess. I would not say LU will drop to $90 or $85, I would just say there is a chance LU will drop to $94 or $85, but based on the current
economic conditions, and the industry LU is in, the chance that LU drop to $85 is smaller than it shoot up to $140. The Split is coming, the rate is in its low level, the economy is still growing strongly, Asia is recovering, and Corp earning is strong. I do not see the chance will drop to $85 , and not even below $100. We are not in the Oct of 1998 when the world economy is in crisis This time, it is only the big boys, who want your shares cheap, and CNBC spread the fuel, that is it. |
