"House of Pinchers"

[trading.jeff]

Want to run this one by all of you. I found AFYG and it looks like its PPO(8,17,9) and ADX(7) MAY be starting to form a pincher play. The play, at best, looks weak and is still in its very early stages or it may not be a pincher at all. Do any of you see the same thing, or am I simply reading a pinch into the chart when a pinch really isn't there.

Here's the chart: http://stockcharts.com/h-sc/ui?s=AFYG&p=D&yr=0&mn=3&dy=0&id=p28586131713

Thanks!!