OBOSS Market Timing 05/18/12 ‘OBOSS at -3.08’

OBOSS indicates the market is at historic over sold levels. Look for buying opportunities to take advantage of the up coming bounce.  If you’re scaling in, get aggressive on any sharp move lower.  If you’ve been patiently waiting, this is a good time to start buying over sold stocks on your shopping list.

The S&P 500 is only down a little over 8%, but we are seeing selling pressure as heavy as in the financial crisis of 2008.  If the world isn’t ending, this week’s pull back should prove be a great buying opportunity.

 

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