Countertrade the crowd that thinks there is a bearish break out
Warren Buffett: “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”
Sir John Templeton: ''Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell. ''
''If you want to have a better performance than the crowd, you must do things differently from the crowd.''
''The four most dangerous words in investing are 'This time it's different'.''
Alan Greenspan: ''Amateurs want to be right. Professionals want to make money.''