This is the ChiNext index today, versus Nasdaq 2000, with the peaks lined up.
Is there a better example in existence? I can't think of any two markets more separated by time and space and government response, than Nasdaq 2000 and ChiNext 2015, yet their behavior shows that no matter what anyone does (short of shutting down the market), human psychology is the same.
This analog is getting spooky, but not for the bears. If it holds, things get ugly in December and stay that way, and I suspect things such as yuan devaluation will accompany this breakdown.
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