After October, those who are still alive will be clear. Entering Q1, we will see who truly profited from this round.

Looking at history, every time a major market movement starts, the market is full of doubt and sarcasm. When everyone begins to understand, the trend has usually already run halfway.

By carefully analyzing the cycle, the logic is actually very clear: with each big drop, it first kills people's emotions, then destroys confidence, and finally the price finds no reason to continue downward. When the moment of "panic cannot push to new lows" occurs, the nature of the market has already changed. This is a very critical signal.