[whyherro]

The thing is, I am not sure a target price here makes sense. At this point I am pretty sure the underlying assets are fundamentally overvalued. The issue is that the burgeoning Chinese middle class do not have many outlets for investment. So long as this continues, and the West is infatuated with the prospects of Chinese growth, I think the ETF continues to rise. If, for some reason, the Chinese government relaxed trading rules for its citizens I am almost certain the ETF would plummet.

In this sense there is a structural element supporting the current valuation, and is why I feel like I am trying to time the collapse of the tech market.