On September 11th, the proportion of A-share stocks with a turnover rate below 3% rebounded to 68.79%, remaining near its high level since early September; the proportion of stocks with a turnover rate above 5% fell back to 16.07%, still below the threshold level.
-------- Note: 1. When the proportion of stocks with a turnover rate below 3% rises to near its medium-to-long-term high, especially near historical highs (dashed line in the chart, representing a reversal trend), it means the market is likely to encounter a temporary low, making a reversal or rebound likely.
2. Only when the proportion of stocks with a turnover rate above 5% remains above the threshold (dashed line in the chart) will the market experience a strong profit-making effect, making the market trend sustainable. During a bull market, this indicator will consistently remain above the threshold, leading to a broad-based market rally; while during a bear market, this indicator is mostly below the threshold, and occasionally exceeding the threshold should be viewed with caution due to the risk of a pullback after a surge.
