Today's A-shares have rebounded on low volume, validating the previous predictions. After the broad market decline, the low-volume rebound is not a sign of weakness; rather, it indicates that the short-term rebound trend will continue. The core logic can be summarized in five points:

1. Regarding today's rebound, I have consistently held my judgment. Even though market sentiment turned pessimistic yesterday, with the index dipping to 3815 points and completing a second bottom test without a deep decline, this trend has clearly released short-term rebound signals.

2. Most investors tend to panic in a broad market decline, even choosing to cut losses and exit, but this kind of chasing highs and selling lows is not rational. From the index's trajectory, the range between 3815 and 3936 points has formed a clear oscillation pattern. After breaking through 3900 points, pressure becomes evident, and a pullback near 3816 points should not cause excessive panic. The current oscillation range remains valid, and the operation can follow the principle of 'cautiously observing at the upper edge of the range and actively buying at the lower edge.' It is important to emphasize that if the index breaks through and stabilizes above the 60-day moving average (3910 points) — stabilization is defined as maintaining above it for three consecutive days, and a short-term breakthrough followed by a pullback does not count — then the market will complete a qualitative change from rebound to trend reversal, at which point a further upward outlook can be expected.

3. It is normal for market confidence to be insufficient during today's rebound, and the low volume characteristic is even a positive signal. In the oscillating pattern, there is no need to worry about a low-volume rebound; instead, one should be wary of a surge in volume after the rebound. After a continuous broad decline, the index is at a range low, and market sentiment may turn at any time. The current low volume indicates that panic selling has mostly cleared out, while outside capital remains in a wait-and-see state. After the negative expectations are fully digested, the oversold rebound repair market will unfold accordingly. I previously noted that the 60-minute and 30-minute levels of the index have shown a clear decline in downward momentum and have entered a sideways oscillation phase, with the rebound imminent; today, it appears that the daily level is also gradually entering a sideways range, significantly reducing the likelihood of a one-sided decline, and the conditions for a rebound have matured.

4. Investors often expect a broad market rally after a broad market decline, but this expectation is unrealistic. The market is like a person recovering from a serious illness; it needs time to build strength and recover, and it is currently in a critical phase of oscillation accumulation. From today’s market characteristics, positive signals have begun to emerge: first, the insurance and banking sectors are showing signs of action, clearly intent on stabilizing the market, dispelling concerns about the 'absence of supporting forces'; second, the rebound of new energy lithium mining stocks provides strong support to the ChiNext, while the tourism consumption sector continues its rebound. The consumption sector has multiple favorable supports, with strong demand for catch-up gains by year-end, coupled with policies clearly listing consumption as a key development focus for next year, indicating potential for catch-up gains in the sector. Since the beginning of this year, market capital has focused on the technology main line, while the bottom consumption sector has been overlooked; however, sector rotation is a market norm. If the consumption sector experiences an unexpectedly strong rise, it is indeed a natural result of cyclical rotation. This also confirms the core logic of stock market investment: there is not just one path of chasing highs; it is also necessary to grasp the rhythm and maintain balanced allocation. Compared to previous market conditions, today, some heavyweight sectors have stepped up to stabilize the index, which is an important manifestation of the rebound repair. It should be made clear that there is a difference between index repair and individual stock repair; stabilizing the index before rotating individual stocks may not generate as strong a profit effect as a broad market rally, but compared to a simultaneous decline in both the index and individual stocks, it is a significant improvement.

5. In summary, today and tomorrow are critical time windows for the rebound. If the index can stabilize in the morning, the number of rising individual stocks in the afternoon is expected to gradually increase. In the short term, the gap at 3867 points above the index is very likely to be filled, and both the index and individual stocks have repair opportunities. It should be emphasized again that there is no need to be overly concerned about today's rebound not showing increased volume — low volume is actually a good thing. After the rebound lasts for 1-2 days, profit-taking and following funds will enter the market, and the volume will naturally increase. For retail investors, the bottom low-volume stage is the best time for positioning. Once the volume increases and chasing funds enter, the advantages for subsequent operations will significantly weaken.

Today's rise in A-shares has confirmed the previous prediction. For investors who decisively bought in yesterday, they can hold their stocks with peace of mind and wait for the rebound to continue, considering selling at a high after securing profit from the price difference.