China is predicted to repeat the US stock market crash of 1929

Almaty. July 29. Silkroadnews - Chinese stock market shows a pattern of behavior similar to the situation before the US stock market crash of 1929, and within the next three weeks it will fall by another 14%, says US analyst Tom DeMark.
According to DeMark, Chinese Shanghai Composite Index will drop to 3,200, which is 38% below the maximum, reached on 12 June.
Began in China in late June market decline has become a collapse in early July, when the index for the week lost more than 35%. Authorities went to the emergency measures, allowing 1,400 companies (almost half of the issuers) to suspend trading, banning IPO and giving support to the market on almost half a trillion dollars. As a result, for the next two weeks the index has increased by 16%.
On Monday, July 27, Shanghai Composite fell by 8.5%, to 3725.56, the biggest drop in eight years. On Tuesday, the index fell by another 1.7%.