I don't know. He wants to sell at the exact point in time that the TGA dries up, "no questions asked"? But then, the market should start to decline X weeks before that, given that his thesis is correct. Or, maybe, it should already start to decline :)

I read everything that Hayes writes, the bull pr0n is nice, but it starts to feel more and more like he is lost. Which we all are; nobody can see the future.

A good read anyway.