4th day of QQQ short term down-trend; HITK keeps rising

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GMI-21/8
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The daily 10.4 stochastics indicator for the QQQ is now in oversold territory, at 9.91.   That means that the Nasdaq 100 index is probably set to bounce within a few days.  

 

I wrote about HITK on September 19 when it broke out to a new all-time high.   HITK still keeps rising, as shown by this weekly chart. But it is dangerous to buy a strong stock in a market down-trend.

 

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