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The fear factor rises yet again

08.02.08

After the dramatic action of last week, it has all gone a bit dull as traders get to grips with the latest corporate reporting season and reflect on the next interest rate moves by central banks. It certainly does not feel like the worst is over on the FTSE 100 index, and several stocks that had been very strong, after seeing major reversals last month, have once again turned south.

For committed trend followers such as ourselves these are often the most difficult times to trade, as we find that although volatility has increased, the frequent reversals that we are seeing mean it is extremely hard to place stops at a reasonable distance, but without risking too much of a loss.

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