In the thirty-year history of the A** field, extreme ** like the January-February period of early 2024 is very rare.
In the history of A-shares, it is not common for the Shanghai Composite Index to close positive for eight consecutive days. Statistical history shows that whenever this rare continuous white candlestick appears, it often indicates a major turning point.
According to historical statistics, the Shanghai Composite Index has seen 4 times of 9 consecutive positives and 2 times of 10 consecutive positives in the past nearly 30 years. Historically, 7, 8 or even 9 consecutive days usually mark an important turning point. If it is long-term, it often means that the bull market is coming to an end and the bear market is coming. If it has been before, and has been for a while, and it is at a low point at this time, then it is usually a sign that a bull market is about to begin, which is an important sign that a bear market is turning into a bull market!
In the past two years, the Shanghai Composite Index has suffered a rather tragic decline all the way, especially at the beginning of 2024, which can be said to be the end of the bear market. At a time when everyone is losing confidence in China and falling into a panic, when the index has fallen all the way, falling below 3,000 points, 2,900 points, 2,800 points, and even 2,700 points in a row, people don't know when they will bottom. However, it was followed by 8 consecutive days, which is undoubtedly of great significance.