The TradingEdge

[kiy]

Manic...Panic...YoYo...Bi-Polar dis-order...
I've written about the psychology frequently...IF YOU don't know yourself...the Market is a very expensive place to try to find out what your psychology is...
Humans only want to complicate the uncomplicated UP...Down...Sideway...theMatrix

I got an idea...lets add another indicator...

Manic...Panic...YoYo...Bi-Polar dis-order...suggests a loss and the inability to be objective...Also exactly like addiction and addictive behavior...Loss of objectivity is first sign...relying on your subjective "feelings" as the ego factor takes control...makes you that delusion and madness of the crowd...seek help to regain objectivity...sheeple come to mind...lost but don't know they're lost...ignorance is bliss...

We often see the market's single-mindedness reflected in periods of mania and periods of depression. When we say "mania", we are referring to the mass of euphoric emotion exhibited by market participants who, pushing prices up, often Bulls decisively push a manic market into a period of collective greed by buying so many shares that advancing volume increases disproportionately to the number of advancing issues. This is referred to as excessive optimism, and it is the kind of situation that the traders' index is used to measure. When the TRIN defines a moment of excessive optimism, it acts as a leading indicator, signaling that prices are ready to reverse direction. (Learn more about the collective actions of the market in the Behavioral Finance Tutorial.)

Read more: http://www.investopedia.com/articles/trading/03/021203.asp#ixzz1nD67SMBT

...then there's...a simple way of assessing the maket...called S.O.A.P...helps clean up your act and way of thinking...