Does this hold true in a declining or compacting market?
It seems to me that one should buy after all of the quarters that are in the declining market and just before the end of the last quarter in that declining market. The problem is, when is that last quarter in that declining market?
In a moderately appreciating market, it seems as if the best time to buy is anytime, but especially near the end of a quarter.
And in a frenzied appreciating market, then it seems that there is no best time to buy because the music may stop and you are left holding an over-priced product.
Any discussions, additions, or edifications?