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Secondly, the change from "prudent" to "moderately loose" in previous years is a major change in the caliber of monetary policy. Moderate easing was last proposed in 2010, and our caliber in the past 14 years has been consistent and steady. No matter how radical the interest rate cuts and RRR cuts are, no matter how loose they look from the behavior, they just don't let go. This is the first change in 14 years, with emphasis on the first time.How to judge whether it is less than expected? It is very simple. If the high-end large-cap stocks such as banks, oil and coal rise, it will be bad. If the large-cap stocks rise and the index rises (28 differentiation), but the small and medium-cap stocks do not rise, it will also be bad. This is the big money to pull the large-cap stocks up to cover the shipment of individual stocks. And vice versa.This is beyond my expectation. Although I maintain the view that A shares are entering a bull market, my friends who have been watching it know that I am pessimistic.

When the hesitant funds and investors exclaimed that the cow was coming, the big funds were lured to 3800, and then fell back to 3500 in January next year.Far more than expected, the bull market is slower.On the contrary, if it is good, once it breaks through the resistance range of 3440-3490, large funds will rush to escape as at the end of September and quickly attack 3500-3700.

So in my last post, I emphasized that A shares would fluctuate between 3150 points and 200 points, and fell below 3150 points. But I should have thought that the bottom of the market was rising and the consolidation was going up. Finally, I paid the bill for my cognition: "I'm sorry".What do you think of the so-called bull market of A shares?Finally, I wish you all well.