OBOSS Market Timing 10/22/13 ‘OBOSS at 2.35’

OBOSS is at extreme overbought levels.  This is the second push into extreme overbought territory in less than a week.

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.

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