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I think the best explanation for the more recent decline in the China market was that many small investors were pulling out of the market in response to the large decline after having basically bet big that it would pull up. A nice image of the small Chinese investor can be found in 'Be Your Own China Guru', which describes grandmothers and taxi drivers stopping their work to watch their ticker and it's associated MACD.
Sep 15 12:44 pm
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