OBOSS is a proprietary market timing system indicator that I created to signal when indices are over extended. OBOSS numerical readings alert investors that a change in trend is likely to commence.
* An extreme over bought signal warns investors to protect profits until the condition has neutralized. +2
* An extreme over sold condition indicates investors should be building new positions and adding to existing positions. -2
* A neutral condition indicates that the current trend should stay intact. -1 to +1
In extreme market conditions OBOSS gives investors an edge by keeping them in touch with the market extremes and keeps the average investor from being complacent about their portfolios. When OBOSS is used correctly it can protect profits in up trending markets and generate buying opportunities in down trending markets.
During a trend OBOSS stands as a reminder to stay with the current trend until an extreme signal has been given.
see more: http://blog.geoinvesting.com/?cat=11
Valo 26-Jan-2012 06:25 PM
Post Type:
Public
OBOSS Market Timing 01/26/12 'OBOSS at 1.75' (#13041)
26-Jan-2012 06:25 PM
The market pulled back today resetting OBOSS from extreme levels.
Watch for a sudden move higher that would push the market into extreme over bought territory. There is still plenty of room to the upside so work to protect profits but give winning positions a chance to run higher. If the market moves sharply to the upside, consider taking some profits and adding back shares on a dip.
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