There are two characteristics of the market since June that need special attention.

1. The trend is particularly smooth, particularly rapid, and particularly continuous.

Last month, the market fell as soon as I opened my eyes, and fell until I closed my eyes at night. There were few rebounds, and the rebound range was also very limited;

These days, the market starts to rise as soon as I close my eyes at night, and then rises again during the day.

This kind of rise seems smooth, but it is not friendly.

The pace is too fast, so you are always afraid to chase it. As a result, the more you dare not chase it, the more it falls, and the more you dare not chase it, the more it rises. When you are defeated, you start to short it - it has bottomed out, and start to go long - it has reached the top and washed out.

2. Many old-school experiences are not applicable.

It is particularly obvious that after the big cake fell to 5.3w at the beginning of the month, according to general experience, it often takes a long time to sort out and repair after a huge drop - for example, it fluctuates for a month, but on the contrary, the fluctuation only lasted for a week, and then the big cake was pulled from 5.6w to 6.6w in six days.

This is also one of the main reasons why many big Vs and bigwigs failed in this wave of rise and even shorted to 65,000.