If you don't understand the turnover rate in a bull market, it's useless to speculate for 20 years.

1. When the turnover rate is 1%-3%, the stock is sluggish, institutions are short, and retail investors are holding.

2. When the turnover rate is 3%-7%, it is relatively active, institutions are testing positions, and a small amount of intervention is made.

3. When the turnover rate is 7%-10%, pay close attention, sub-D is loaded, and ready to attack.

4. When the turnover rate is 10%-15%, pay special attention, the institution feasts, and starts to eat meat.

5. When the turnover rate is 15%-25%, it is abnormally active, institutions are rushing, and a large amount of intervention is made.

6. When the turnover rate is above 25%, it starts to go crazy, institutions are selling, and are ready to retreat

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