Most investors want to know “if the coast is clear” before committing their money to the market. Of course, at market tops, the furthest thing from their mind is considering that the coast might indeed not be clear. This section was meant to bring some clarity to the issue of when to invest in the market and when not to invest in that very same market.
You may also want to check out the chapter entitled Trend Analysis, a momentum-following technical analysis that endeavors to be in the market for most of the UP and out of the market for most of the DOWN.
