Group 1 - The article discusses a prolonged sideways market structure that has lasted over four months, indicating the need for patience in this phase [1] - Initial expectations for the sideways cycle were 1 to 3 months in September, which have now been revised to 3 to 5 months in October, suggesting a longer duration for market stabilization [2] - The transition from a convex resistance at the 50-day moving average to a concave support will require sufficient time, ranging from a minimum of 3 months to a maximum of 10 months, to facilitate significant capital conversion and prepare for the next trending market [2] Group 2 - A short-term panic in the market is anticipated to occur soon, with sentiment indicators expected to align in the "ice zone," providing a potential high-probability opportunity at the lower boundary of the consolidation range [2] - Recent market trends indicate that following each short-term panic, a new leading theme emerges, such as battery storage previously and commercial aerospace currently, raising the question of what the next attractive theme might be in the coming weeks [2]

Group 1 - The current market is assumed to be breaking out of a consolidation phase, indicating the start of a major upward trend, with sentiment indicators returning from a low to a warmer zone [1] - The Shanghai Composite Index has already achieved a breakout and is in an attacking posture [1] - The Shenzhen Composite Index has also achieved a breakout and is in an attacking posture [2] Group 2 - The Sci-Tech Innovation Board Index has just reached the upper boundary of its consolidation structure, indicating an attacking posture [3] - However, a divergence in momentum has been observed on a 5-minute scale, suggesting that short-term gains may be limited [4] Group 3 - The overall market situation aligns with previous analyses, indicating that the pullback will not be too deep and that the market is at the end of the first phase of a bull market, which typically lasts 8 to 10 months [6] - It is noted that before entering a major upward phase, the sentiment indicators may drop into a cold zone but not necessarily to freezing levels, as seen in previous bull markets in 2014 and 2019 [6][7] Group 4 - A common characteristic before a major upward trend is a narrow, rhythmic, and self-disciplined fluctuation or consolidation structure, typically requiring at least three touches (3T) [8] - Currently, the market is only at 2T in its consolidation structure, suggesting a potential short-term pullback for confirmation before a breakout [8] Group 5 - There is caution against excessive excitement in the media regarding the market, as recent gains in brokerage stocks are limited to a few mid-cap firms, indicating a possible high-level distribution rather than a broad-based rally [8] - The real surge is observed in financial software stocks, driven by policy announcements, which typically attract speculative trading [8] - The proportion of stocks with gains exceeding 5% is not high, indicating a long-tail effect where only a small number of stocks are performing exceptionally well [8]