Valo 14-Jul-2012 11:26 AM
OBOSS Market Timing 07/13/12 'OBOSS at 1.40' (#13613)
14-Jul-2012 11:26 AM
OBOSS is in neutral territory, but moving close to over bought territory.
This was a wild week for investing. The market tested the rally and buyers came out victorious. OBOSS's trend line is still climbing higher which indicates odds favor holding long trades. We will look to protect profits as OBOSS enters the over bought zone, but there is still plenty of room to the upside before having to worry about a market extreme.
If you're not already invested, waiting for an OBOSS alert is lower risk.