"House of Pinchers"

[SynthTrader]

As I'm looking back through past pinchers and some current ones, I can see that the "fake breakout" bounce that happens early often shows up as a pinch on the 60min chart. Interesting. If I can watch declining stocks and get in on the bounce twice, then there is less waiting, and thus less frustration (not to mention, profiting twice).

For an example...look at the daily chart for ISPI which shows a coming pincher:

http://stockcharts.com/h-sc/ui?s=ISPI&p=D&yr=0&mn=2&dy=0&id=p95927436087

Then look at the 60-min chart and you see that a pinch already happened on March 11th / 12th with a nearly 100% jump from bottom to top:

http://stockcharts.com/h-sc/ui?s=ISPI&p=60&yr=0&mn=0&dy=10&id=p96116407720

Sweeeeet

PS: I'm telling you from experience, the time you spend on the couch with the fiance watching shows is going to pay off in BIG ways later. Maybe not in $$$ but in happiness