This sounds a lot like you're trying to time the market, which is great if it works, but it's a gamble. Dollar cost averaging is generally regarded as the safer

This sounds a lot like you're trying to time the market, which is great if it works, but it's a gamble. Dollar cost averaging is generally regarded as the safer option. Remember, the market can remain irrational longer than you can remain solvent. Also, how can you know when the market has bottomed out? Why not use that same strategy to invest now and figure out when the market has peaked and pull out then? Sitting on money loses value due to inflation.