After reading the comments from my brothers, I can tell if the mindset of 'Niuding' is a bit different from everyone else's. I am not looking at emotions. The panic index has a certain lag and cannot truly quantify the market's emotions. Encountering the 21 year bull market, I have been greedy and pulling, and vice versa. If the phrase 'others are greedy, I am afraid' were so simple, investing would be too easy. I don't look at specific indicators or rainbow charts when judging a bull's head. I am standing from the same perspective as the banker, observing the financial situation of individual investors. The body is honest, whether individual investors are greedy or fearful, their true behavior will ultimately be reflected in the flow of funds. The same goes for the banker sitting in the market. Does the banker really look at any panic index? It won't. The market maker will test the financial situation of individual investors, whether they have money or not, and whether they will continue to FOMO. @Juu17__ mentioned in previous tweets about external funding and net vol, which are clues that can be constantly pondered. To summarize two sentences, to judge the bull market, one must learn to observe the situation of individual investors' funds from the perspective of the market maker, as well as observe the actions of the market maker. Finally, all actions will be reflected on the market, and the body is the most honest. Banker: Bet Retail investors: Follow up Banker: Over Retail investors: betting Banker: Follow the bet Banker: Bet Retail investors: add funds Banker: All in (holding same flower order) Retail investors: Follow up (losing underwear)