Last year's end to this year's beginning market rally, we suffered quite a few losses—being caught 6 times. This time, I’ve learned my lesson. After New Year's Day, I need to observe a bit more and not rush to jump in.

To put it simply, the institutional impulse to boost net value at the end of the year has basically faded after the New Year. If we don't see a correction now, the market might start the new year from around 4000 points. A rise of another 1000 points from this level would only be about 25%, which isn't very promising.

Therefore, it's highly likely that after the holiday, we'll see a pullback to consolidate before a bigger rally. In other words, if we don't dig this pit, the market could easily stagnate. Digging the pit is actually a good thing—it allows the chips to be thoroughly shaken out, and only then can the upward potential truly open up.