You know how easy it is to tear apart this guy's argument? Look at $RITE, it stayed overbought for more than a month. It ran from .002 to .01 while sitting overbought the entire time. So you tell me: are you going to believe this, or are you going to actually understand what you own?
Understand he is posting this to buy shares. He's hoping there is enough dumb money to fill his order. We know this guy sold, so some dumb money has been purged.