Poor Wally, over three years of dividends but zero gains on his buy and hold of well over three years.
Wallass is an idiot who has been pumping INTC non stop for well over three years with the infamous if you bght it at 24.00, you'll be fine within six months back in 2010. He has learned nothing about reaping profits either in INTC or ARMH. Just an old, thinks he knows it all, nerd.
I see Wrong Way is still spouting the same nonsense. and missed (yet another) opportunity to see the overbght shares .50 higher, which would have made for a larger gain than he's had in over 3 years on the you'll be fine 24's
The fact of the matter is that HLIT was already quite overbght way up there at 8.20, just as it was formerly way too extended on the spike to 8.00 that produced a subsequent drop from overbght levels.
Wrong way Waldo, the one who's been pumping INTC nonstop for well over three years, with the infamous, if you bght at 24.00 you'll be fine within six months, from about June 2010. It promptly dropped to the 17's and is a whopping 24.32 ish now.
The QQQ's still need to work off the overbght condition, preferred view, though the short term may produce just a dip, 3-5 percent as opposed to a correction. The market hasn't seen a correction (10 percent) in quite some time, INTC excepted, as the earlier year highs (26.00 ish) did produce a drop in excess of 10 percent until it hit oversold at 22.00 ish. on a positive note the subsequent drop from overbght 24.00 produced a higher low when it stabilized at 22.50 and, obviously, the 24.60 ish produced a higher overbght high.
I hear the economy was humming along back in March of 2000. ditto, October 2007. Tech stocks were a wonderful buy in March of 2000.
The macd on the QQQ has developed a bias to the downside coming off overbght conditions, the question will be will the lines cross, or hold after a dip. ie dip, or correction?
The field is just fine, you simply lack the prerequisite skills to adequately play on it, more of a water boy than a quarterback.
FWIW, the QQQ's are looking short term toppy, price has stopped hitting new highs, macd sloping towards down with an elevated rsi. SQQQ had a nice pop from 17.35 to 17.65 in 12 minutes. Leaning on the sqqq side
Overbght, an rsi of at least 70 on a daily chart is one definition of overbght. There are others, stochastics, oscillators. The QQQ has been elevated and not moving higher on a closing basis the last two days, and the macd on the daily chart flattened out at an elevated level, with the macd bars slightly down. Preference for overbght markets is not a short, but a long of the SQQQ