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


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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