The Fool, or the Fool Who Follows Him

Everywhere you turn you will hear "this is a great buying opportunity".  DON'T BE FOOLED!  The best buying opportunities occur at market bottoms and we are no where near a bottom.  How do you find a bottom you ask?  When a chart carves out a bottom, you will usually see a period of what is called accumulation.  Accumulation is a period of time where you see a period of time that price moves horizontally before a breakout and run up.

In case you were wondering, the following is a real chart example of accumulation and distribution.