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To those of you following the FEAR!! indicator,
I would like to draw your attention to Sept TBonds
and Sept OJ.
In these markets, the FEAREnv was tested REPEATEDLY, and held
in both.
I was looking to go short Bonds on a break through
yesterday's low. When the market opened today, and then
broke for the top, I thought "Uh, OH" there it goes.
I watched, as time and again the Bond market rammed the top of
the FEAREnv. I have to admit that I didn't have the guts to
sell into it. Well, it's the end of the day, and the FEAREnv is
STILL THERE.
Same thing happened in OJ.
I think tomorrow will be a real test for the indicator in these
markets. If it is valid, they should turn.
At any rate, it should be fun to observe.
Walt Downs : )
CIS Trading
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