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Friday's Update

Friday, July 29th. - Stock Trends, Charts, and Commentary
                                              (*** If you see last week's Update: Click Here)

Time goes on, but the risk levels remain high ... here is why ...

Take a look at this 22 month chart of the VIX that we posted below and note that the VIX has been moving down toward its support line, but has not reached it quite yet.

Seeing that there was a recent breach on the most recent fan line, there is a very strong possibility that it will be retested fairly soon.  (Since the market moves opposite to the VIX, that would have a negative impact on the market.)

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