Pincher Plays

[IamtheWalrus]

This is my news scan folks, it will take some filtering, but the things to look for are:

1) Always look at the 15 minute chart and see if stock is either about to break 200MA, or the PPS is holding it above
2) Never underestimate their news...has to be positive, or you may lose some money
3) Make sure everything is in line with the ibox stats and confirmation.

It may take a couple of hours, but believe me, it is well worth it than just posting a bunch of Pinchers that end up negative the next day

NOTE: the key here is in Number 1 above said

Now for the Scan: I use Stockfetcher, so you can tweak the criteria for Stockcharts if you wish:

Show stocks where MACD(8,17,9) is less than -0.10
and ADX(7) is greater than 55
and RSI(2) is above 20
and RSI(5) is above 10
and Average Volume(10) is above 200000
and close is between 0 and 20

Aslo, to make it easier to post, just open up NotePad or your text editor and paste something similar to this in the Ihub post with of course the "charting tool" at the beginning and end, and just change the ticker in the urls and such.

http://finance.yahoo.com/q?s=eme

stockcharts.com/c-sc/sc?s=IQW&p=D&yr=0&mn=3&dy=0&i=p19274169624&a=128383379&r=3530

stockcharts.com/c-sc/sc?s=IQW&p=60&yr=0&mn=0&dy=0&i=p19274169624&a=128383379&r=3530

stockcharts.com/c-sc/sc?s=IQW&p=15&yr=0&mn=0&dy=0&i=p19274169624&a=128383379&r=3530


Happy hunting!