Storyline is mother kills somebody with axe, goes to a sanitarium, gets out and lives with daughter, daughter dresses up like mother and kills people trying to blame it on her mother. Mother drank and wore a bracelet that she always played with. What is th ename of this movie? Is is not Lizzie Borden.

Cindy

Sounds like Strait-Jacket (1964) (http://www.imdb.com/title/tt0058620/)