A lot of the pinchers these days have also just experienced "death crosses" with 50-day MA crossing the 200-day MA from above. Does that concern you at all?
What do you make of the Russell 2000? It looked like it had a nice pincher set-up. But red didn't really cross green on the ADX. And then there's a nasty-looking death cross of 50-day crossing the 200-day. My read is that this is a very ominous chart... Do you agree?