After an upgrade to 10.3 some watches do not work. Problem seems to be only with "Text String" watches that stopped from working and appear as violated.
Apply Spectrum 10.3 Bi-Monthly Patch Spectrum_10.03.00.BMP_10.3.001
Symptom: Watches are generating violation alarms
Resolution: Watch violation alarms will not be generated unless violation.
(DE390967, 01218871 )