The current round of slow, volatile gains in the A-shares market actually hides a clear market logic—there’s no need for sharp surges or plunges; steady recovery is the main theme right now. Regarding whether to enter or exit the market in the near term, several key judgments are worth noting.

**Index Movement Matches Expectations, Seeking Certainty Amid Volatility**
Since rebounding from 3816 points, the market encountered resistance at 3914 points, then pulled back to fill the gap at 3889. After trading volume fell below 1.6 trillion, the market consolidated. Last Friday saw a strong rebound with increased volume, and today’s high opening filled a minor gap before another upward push, precisely covering the blank zone above 3927 points. Every step has been traceable. This kind of slow, volatile rise is actually quite healthy: when market confidence is lacking, there’s capital stepping in to support the bottom, which clears out weak holders without creating new lows, and individual stocks have opportunities to rotate.

**Low Volume Isn’t a Bad Thing, Turning Points Often Hide in Divergences**
When last week’s trading volume dropped below 1.6 trillion, market sentiment was extremely pessimistic. But the real meaning of shrinking volume is “it can’t fall further,” which often means new opportunities are brewing. Sure enough, from that day, individual stock sentiment warmed up first, followed by the index rebounding and recovering, and until today’s gap was filled, the entire rhythm has played out as expected.

**Today’s In/Out Strategy: Don’t Chase Short Term, Hold for the Mid Term**
After today’s gap fill, it’s highly likely that trend-following funds will rush in—an unchanging pattern in A-shares. Last Friday’s increased volume plus the weekend’s positive news continued to ferment, leading to today’s further surge with high volume. There may be more momentum-chasing funds entering in the afternoon, and the day’s total trading volume may break 2 trillion. But beware: most trend-following funds are momentum-driven, and the main players know this well. After a large influx of such funds, tomorrow will likely see divergence and volatility.

- **Short-term players:** If you didn’t set up positions last week and are hesitant to buy into today’s rally, don’t chase in the afternoon to avoid being caught holding the bag tomorrow; if you already have positions, you can take partial profits on the rally, or if not in profit, just hold and watch.
- **Mid-term investors:** No need to worry about short-term fluctuations—now is the window to plant seeds for the spring rally next year. There will be ups and downs, but capital is waiting for the Fed’s rate cut and for important meetings this month to conclude. The overall trend is positive, so be patient with your holdings.

**Upcoming Rhythm: Don’t Fear Pressure, Focus on Rotation**
Will there be a pullback after the gap fill? Pressure certainly exists, especially as it approaches 3950 points, which will be more pronounced, but don’t be quick to dismiss the rebound. Look at the leading brokerage CITIC Securities—it led the charge both last Friday and today, sending a strong signal that this rebound has solid capital backing.

The likely rhythm ahead is “up for two or three days, then volatile adjustment, then a slow climb again.” This volatility won’t affect the rotation of stocks and sectors. For short-term trading, focus on sentiment turning points—take profits when things overheat, enter when there’s divergence; for mid-term, focus on the spring rally, ignore short-term swings, and stick to your positions.