The index gap on October 17th is like a siphon.

Today is the press conference of the Ministry of Housing and Urban-Rural Development. Real estate stocks led gains yesterday but are leading losses today. One explanation is that the content of the press conference fell short of expectations, and another is that institutions are selling off after the earlier rally as the good news is now priced in. Either way, it makes people feel that this market is still very cutthroat. Sunac's proposal for a share placement has also dragged down the sector collectively.

Lately, it feels like the market keeps teaching me lessons. Every time I turn bullish during a downturn, I get slapped in the face. Slowly, I’ve become less inclined to speak up... Feels like I’ve become a contrarian indicator, lol.
 

There’s a gap below the index. According to market wisdom, 'gaps must be filled.' As the gap gets closer, it exerts a gravitational pull like a black hole. Respecting market trends and waiting for the adjustment to end might be the better approach.

The new CSI A500 index, launched by the exchange, has attracted 43 mutual funds... They got up early but arrived late to the party. Many investors are now learning the hard way what this saying means. This is also a negative outcome of excessive administrative interference in market behavior. Within two weeks, investors who participated in the ETF placement without genuine demand will likely exit, and the index’s weak performance will gradually improve.

The market hasn’t been performing well lately, so my posts probably don’t offer much nutritional value, lol. But keeping a record is still necessary—looking back at my mindset at this moment might bring new insights in the future.