Thursday, May 11, 2006


Here is a daily chart of, the Chinese version of Google. I last commented on BIDU here.

BIDU nearly reached my 93 target today and so far has dropped 10 points from the day's high. I think support stands at 77 and if the market shows a clear three phase reaction by the time it reaches 77 then a move up to 102 will probably start. If BIDU gets to 77 in only the first phase then I will look for a rally to a top below 91 and then a third stage drop to64 or so.