The more fearful most people are, the closer they are to a change in the market.
Why do many people open short positions at the lowest point? Because the market is extremely weak at that time, coupled with negative news, you feel that there will be a big drop.
Then what awaits them is a violent rebound.
Similarly, it is the same to open long positions at high points. The market is very good, with various positive news, pushing up emotions, and then what awaits is a violent market cleanup.
