As of Friday&;s close, the market rose as high as 13.36% in July. After a sharp rise, the Shanghai Composite Index closed down by 1.95% on July 10th, ending the trend of Balianyang. @A-share minority owner believes that the callback is both a risk and an opportunity for investors. Why do you say this? It is a risk, mainly because some stocks have made great gains in this wave of market. For example, many stocks in the brokerage sector and tax-free sector have doubled. There is no stock that only rises but does not fall. After a sharp rise, any stock will face the pressure of profit out. At this time, if the holder doesn&;t know how to close and close in time, the profit may be retreated; However, the short positions have been unable to seize the opportunity to enter the market. Seeing that the stock price has finally fallen, they plunged into it, but waiting for themselves may be a period of shock and suffering, or even a continuous decline. It is an opportunity. The main reason is that after the first wave of fierce offensive, the market chooses to take a break, clean up the profit-making disk and let the chips fully change hands, which will make the future trend more stable and is also a rare opportunity for stock selection. To tell the truth, I am really afraid that the market will go up like a mad cow, because it is very likely to repeat the mistakes of 2015. A proper callback, after a proper change of hands, will make me feel more at ease, and also meet the management&;s requirements and positioning for &”;healthy cows and long cows&”;. More importantly, in the callback process, we can pay close attention to the performance of sectors and individual stocks, reorganize the logic and opportunities of the stock market rise, and tap the next most potential industries and individual stocks to prepare for the next market. If we miss the brokerage market and the tax-free market, then we must cherish the gap of this callback and carefully screen the opportunity of the next wave of market.