There is an unlimited number of ways to create amazing looking effects using Photoshop and its filters, let me show you how to create a mysterious looking one from scratch.
Due to work flow optimization guys at Adobe decided to hide some of the filters in Photoshop CS6, if you are missing some of them, you can easily make the visible again.
First I will show you the easiest way in Photoshop to create even, concentric circles and after we will ad an inverted text to make it look hypnotic in a groovy kind of a way.