Rahula,
Woody Dorsey has done a very good job explaining the Market in relation to your view. His book is a definite must read.
http://www.amazon.com/Behavioral-Trading-Measuring-Confidence-Expectations/dp/1587991640/ref=sr_1_1/002-7109743-2642457?ie=UTF8&s=books&qid=1180735101&sr=1-1