Seen at The Big Picture here.
The idea is that the Japanese stock market experience in red superimposed over the US SPX in green (lagged by a decade) predicts a new low in the US below the 683/666 level of March 2009 by 2015.
The market trend line in the US went haywire in 1995. The February/March 2003 and March 2009 lows represent corrections toward that old line.
The Maestro noted the irrationality of the break out from the trend already in December 1996.
