OBOSS Market Timing 06/24/13 ‘OBOSS at -2.08’

OBOSS is entering extreme oversold levels.

This is the first oversold signal for 2013!  Get your shopping lists ready 🙂

There is still plenty of room for the market to move lower.  OBOSS doesn’t normally get readings lower than -2.5, but in the recent decline in August 2011 it did hit  -3.5 for one day before a snap back rally started.  If you’re scaling in, this is a high risk trade and you must leave yourself lots of buying power as the market moves lower.

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