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From my experience yes. It’s very reliable. Todays level is 13, the lowest I’ve seen is 10, last year. I really recommend using it, but you can find more info about this searching in YouTube. This kind of index is used for stocks too, and it works.

As I said, when fear is too high, prices tend to rise =) it’s amazing how well it works actually. Market makers just like to play with people’s feelings xD really…. The index was 11 on Saturday and today BOOM BIG profits….

hmmm, very interesting, I've got to check it out.