No, you're at the top of the horsepower curve and going down the other side, basically you're just wasting HP. You can usually feel the car at this point isn't accelerating as fast as before the peak and the engine is probably coming close to floating the valves at 6200-6500 rpm (with a tired stock valve train) and you don't want to go there.
Redline is the last rpm before it explodes. That's what any engine's redline is. I've seen performance built engines who's redline was 3500 because at 3600 they blew up. I'm not sure of that's what you were asking tho...