On September 16th, the proportion of A-share stocks with a turnover rate below 3% rebounded to 70.97%, a new high for the year; the proportion of stocks with a turnover rate above 5% fell back to 15.17%, approaching its low for the year, but still below the threshold level.
-------- Note: 1. When the proportion of stocks with a turnover rate below 3% rises to near a 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. When the proportion of stocks with a turnover rate above 5% remains above the threshold (dashed line in the chart), the market will experience a strong profit-making effect, making the market trend sustainable. During a bull market, this indicator will 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.
