I have made most of my money on the fear of others. It really is my main strategy. Buy when there is "blood in the streets", sell when everyone is celebrating a rally. 
http://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp
http://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp
but never try to catch a falling knife and don't try to be smarter as the market
SCNR.//alex