John C. Lee

The Art of Contrarian Investing: Going Against the Crowd for Profit

when you see those headlines in the media non-stop.

Smart money is not only after the facts. Identifying a top reversal (for example: large one-day reversals in industrials, materials signaled the start of a new downtrend) is definitely easier than trying to find a bottom, which is pointless. However, when a higher high and high low is achieved, then that's your signal to buy. That's what technical analysis is for.