OBOSS Market Timing 11/07/12 ‘OBOSS at -2.38’

OBOSS is at extreme over sold levels.

There is always room for the market to move lower, but odds favor a bounce whenever OBOSS gets this over sold.  If you’re waiting on the side lines, this is a good time purchase high quality stocks on your shopping list.  If you’re scaling in, consider getting more aggressive on any major dip lower.  NOTE: Scaling into the market is considered a high risk trade.

It is very unusual to see the market move from neutral to extreme over sold!  While not the most extreme move we’ve seen over the last five years – it’s still one for the history books.

 

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