The market will go through the stages but how long it will stay at a particular stage is unpredictable. These stages are the bottom or zero stage for which a project is at its lowest price, the recovery stage which is the period of price appreciation -  an upward trend. The peak stage which the project/product has attained its maximum possible price. The falling stage is the project/product price is falling - a downward trend. With this knowledge, knowing that what is up must come down ans what is down must go up. One need not panic or unnecessarily postpone whatever investment he intends.