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 03-Feb-2012 09:59 AM
Post Type:
Alert
OBOSS hit 2.10 at the open this morning which is extreme over bought. (#13087)
03-Feb-2012 09:59 AM
We will have to see how the market closes, but today could mark a move into extreme territory.
Caution is advise as OBOSS pushes further into extreme territory. Protect profits.
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