if you want a good example, page-37

Simplistic review of Psychology of the situation

Recent buyers
- Confident but careful majority of people bought under last high at 6.7 will not sell now
- Those that bought over breakout point a minority and wondering if they have made a mistake with buy at 71 72 nevous and will provide the Vol in 6.8 7.0 range in the short term

Recent sellers (Smallest Group)
- Happy that they have snaffleed a profit but worried they might have exited to soon. Will keep eye open for further bullish behaviour for reentry

Wannabe share holders (Largest Group)
Upset at themselves for missing the breakout but looking for signs of continuation for a late entry.