OBOSS Market Timing 10/18/13 ‘OBOSS at 2.35’

OBOSS is at extreme overbought levels.

There is always room for the market to move higher, but odds favor a pullback whenever OBOSS gets this overbought.  If you’re waiting on the side lines, this is not the time to be aggressive with new positions.  Protecting profits is job #1.  One way to protect profits is to tighten stops on existing positions or scale out slowly on moves higher in the market.

Pages: 1 2

Comments are closed.