Insightful article
http://www.scribd.com/doc/74335711/Hayman-Nov2011
I'm really gloomy too, but I think the market is going to hold up until end of year, i.e. holding in the range 11000 to 12500, finishing the year somewhere in between.
Then it'll fall in Jan to test the low of 2011. Next year the market should rally and fall like a yoyo.
Wayward said TA is more about psychology, I agree with that. Chinese leadership handover in Nov 2012, I think the current leaders will keep the engine pumping until then and leave the bubble burst to the next cohort of leaders.
So I expect a major low in 2013 in tune of Martis' DOW 3000 prophecy.
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