Blog Post: Day 11 of $QQQ short term up-trend; My stock buddy, Judy, taught me that when the weekly price bar is floating above its rising 4 wk average it can be a sign of being extended, see examples in this chart of $GLD

Note the floating bars in the circles. Is GLD extended now? Time will tell. I do not initiate purchases when a rising stock shows this pattern. Stocks often return to the 4 wk average and kiss it or form a top after the week of the float.