It's another eight consecutive days of gains, and a big wave of people are debating: should I take profits and secure my gains?

Looking back at the records, you'll find that since 2000, this kind of situation has only occurred 17 times, most of which happened during bull markets—four times during the crazy surge from 2006 to 2007, and three times from 2014 to 2015. Just this year alone, starting from Q2, it's already the third time.

But this is a very interesting phenomenon: history is there, and after an "eight consecutive days of gains," the market is highly unlikely to capitulate. What does the data say? The performance following 16 previous instances of eight consecutive days of gains—

Median increase within one week: **+2.6%**
One month later: **+2.3%**
Three months later: **+6.3%**

In the entire sample, only 4 instances showed a clear decline, while the remaining 12 continued to move upward.

**This time is a bit different**

The eight consecutive days of gains only increased by 2.8%, not even half of the historical median. Looking at those 7 cases where gains were less than 4%, the subsequent trend appears quite sluggish—rising only 1.9% in a week, slightly declining by 0.7% after a month, and crawling up just 0.6% over three months.

Why is this rally so "convergent" this time? The analysis boils down to this: there are no earth-shattering positive catalysts; it's purely institutions and investors fighting for position, all betting on a year-end rally, fearing that the "opening red" in early spring next year might slip away, so they are front-loading their chips.

**There are two voices in the market now**

One side says the bull market's foundation is solid, and after three rounds of eight consecutive days of gains, the trend is clear. The other side is much more cautious: the short-term gains are slow, with no volume confirmation, and the pressure for a correction is significant; volatility is inevitable.

So, should you panic?

Historical data is clear: the probability of a decline within three months after eight consecutive days of gains is only 25% (4 out of 16 times). Conversely, **76% of the time, the market continues to rise**. And if you extend the timeline to three months, the returns become even more evident.

So there's no need to rush. Watching the minute-by-minute fluctuations, you might feel "it can't go up anymore," but when you zoom out on the candlestick chart—opportunities are often hidden in the pullbacks. This phenomenon of eight consecutive days of gains isn't meant to encourage impulsive chasing, but it does give you confidence: keep your positions tight, and wait for a pullback to enter gradually.

**Risk and opportunity are both time-dependent.** A bull market isn't a 100-meter sprint; it's a marathon. Eight consecutive days of gains are not the finish line but a reminder: buckle up, and look further ahead. During volatility, panicking is not the answer—staying calm is the biggest risk.