Replies to post #2279 on Bull Warrior Stocks

[charger]

Hey AJ,I wanted to get your advise on this pincher,Because its such a new stock the 50 ma is undefined and i'm having problems finding the next resistance on it.I think its where the last run started at 17.50 but that seems kind of high to me.Also some of the indicators seem to be getting toppy,Like the 2RSI and Williams.TIA

[eztrade]

AJ, Edit, this is reply to your pincher lesson
A question on the pincher chart. Option 2 is what I would like to find as a buy, when you guys do annotated charts, like on the example of your lesson, on the 13th where the RSI(2)& RSI(5) cross the 30 when does the chart show the cross? Is it in the morning before trading, the night after trading day or is it real time middle of day? TIA

[IamtheWalrus]

Hey,

I have created a board solely for pinchers...could I use what you put in the message you wrote on Pinchers?

Thanks

[RockJohny]

the pincher?
back-tested it and found plenty of examples that it was not any good at finding bottoms...looks like a gimmic to me

[eastunder]

Claytrader,(or redsox)

In regard to the SIRI chart again.

Redsocks already discussed a triple bottom happening and what to look for and I am watching for confirmation of that.

In the meantime, I have looked at your "pincher" lesson and wonder if there is a possibility of a pincher happening in the SIRI chart, as well as the triple bottom?

If so, can you post an annotated chart explaining that?

TIA!

[sonicwedgie]

thank you Claytrader for the lesson

[~WAVE~]

Does it matter if the RSI(2) and / or the RSI(5) are moving slowly over the 30 line (i.e. one day at 29.5 and the next day at 30.7, and the next day 31.3) or not?

Also, does the ADX have to be higher than a certain spot for this to be a better candidate for a pinch play?

Thanks!

JM2CW