The bottom will probably resemble a ditch rather than a big rebound. There will be more money lost searching for the bottom than the crash. Buying a stock and then waiting for it to climb out of the ditch could send you crazy. Better to wait for the stock to show a sustained rise rather than trying to find the ultimate bottom and save a few cents. Germany admitting that it is in recession...2 negative quarters...is good news because that is the average time of a recession. So the low prices in blue chip stocks now will be close to the ultimate low. Initial base building is now showing in many stocks; some had false bases which broke down. Plenty of time to pick the good stocks.
