OBOSS Market Timing 03/14/13 ‘OBOSS at 2.23’

OBOSS is at the lower end of extreme over bought territory for the second time this week.

A sharp move higher tomorrow or Monday to SPY 157.50-158 could act as a potential upper end extreme level for this move higher.

With that said… there is still room for the market to move higher.

If you’re waiting on the side lines looking to buy high quality stocks, consider being less aggressive with new positions.

Protecting profits is job #1.  Reduce risk on any sharp move higher.

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