OBOSS Market Timing 06/05/14 ‘OBOSS at 2.56’

OBOSS is at extreme overbought levels for the second time within the last week.

OBOSS levels higher than 2.5 warn of an impending market consolidation.   Consolidations come in two forms.  The first form of consolidation is price, where prices pull back and resets the overbought condition.  The second form of consolidation is time, where prices trade in a tight range which resets the overbought condition.

This is a good time to reduce risk, close margin, and protect profits.

 

 

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