So whichever way you look at it, the market is always right. That’s why you have to follow the market. If the market is trending up, don’t make the mistake of telling it that it is too high. When the game has turned into one of emotion and not of logic, it will continue to be too high and going higher with the trend.
Likewise, when the market is trending down in spite of good result and good news, don’t argue, sell your shares and get out.