In fact, what everyone needs to be clear about is that the fundamental reason for this year's market recovery lies in the fact that after the bubble was squeezed out last year, the valuation of blue-chip stocks was obviously too low, and there was a need for valuation repair. More importantly, compared with the European and American markets caught in the whirlpool of the sovereign debt crisis, the current valuation level has already formed an extremely great advantage and attraction. Especially, last year, the Chinese market and the US market showed vastly different trends. The bubble in the US was already quite serious, losing its appeal to international capital. This is why foreign investment banks have been bullish on A-shares recently. Back to the current market. With the end of today's 5-minute uptrend, the market will undergo repeated fluctuations near the upper bound of the downtrend channel. Since the simple 30-minute uptrend does not constitute divergence, the market still has the opportunity to build a 30-minute footprint, leading to a slight upward extension in the short term. However, it should be particularly noted that if it fails, then due to the gravitational effect of the daily footprint, the market will still undergo a relatively large pullback to the 2295 point. To put it bluntly, the main theme of the current market fluctuation remains, and third-line stocks will continue to form a seesaw effect with blue-chip stocks. Investors must not have a simplistic mindset of just rising or falling; the complexity of the market will not be less than that of the human brain. Today, the market experienced a narrow-range horizontal oscillation all day long, with both bulls and bears basically maintaining equilibrium. But upon closer inspection, beneath the equilibrium, there were hidden undercurrents. After the afternoon opening, the Shanghai Composite Index effectively broke through the 5-minute footprint built at yesterday's closing, but the subsequent trend formed divergence before 2 PM, ending the 5-minute uptrend. Therefore, it was reasonable that the market saw the strongest retracement of the day at the closing (you can refer to today's live broadcast for intraday analysis). Regarding the continuation of the strength of blue-chip stocks today, many people attributed the reasons to the CPI data released today: In January, the CPI rose by 4.5% year-on-year and 1.5% month-on-month. There are concerns that the rise in CPI may lead to another tightening of liquidity. However, if we judge the market based on economic data, can't we also say that the PPI in January hit a 26-month low, implying a risk of hard landing in the economy, thus suggesting that liquidity should be relaxed?! Isn't the maintenance of loose monetary policy in Europe and America precisely a reflection of such concerns? Yesterday's article triggered a lot of verbal sparring and arguments, which shows that the majority of investors' market analysis thinking is seriously flawed. Taking today's market situation as an example, I mentioned yesterday that the key to today's market movement lies in whether there would be divergence after the new 5-minute footprint was broken. If no divergence occurs, the uptrend extends, and blue-chips continue to perform well. If divergence occurs, the 5-minute uptrend ends, and third-line stocks take center stage. Some people said that talking about both scenarios is equivalent to saying nothing. This argument is like saying A+B=C, but if B isn't given, how do you know it will be C? What if it turns out to be B+1? Then the answer becomes C+1, not C. When divergence hasn't occurred yet, can you say for sure that the market will definitely rise or fall? Undoubtedly, such thinking is very absurd and ignorant, and today's complex market dynamics are a mockery of such absurdity and ignorance. Website www.weishan.cc Relevant thematic articles: Weishan Information issued a research report stating that one characteristic of the natural water industry is its extremely low production cost.