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"Pinch Club" hosted by Rock Sexton - Page 9

post #161 of 10571
9/10/09 at 2:43pm
Thread Starter 
Quote:
Originally Posted by PaperChasen View Post
That is excellent, hopefully you can figure out what the runners had that the others didn't. My curiosity is definitely piqued
I really don't think it's anything else other than good ol' fashioned volume. That's why it's imperative you keep a watchful eye on your ticker.
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post #162 of 10571
9/10/09 at 2:49pm
Quote:
Originally Posted by Rock Sexton View Post
The price.

Remember the pinch play is a strategy used for stocks who are oversold and have hit a bottom. UBET already bounced off one some days ago and you can see it directly in where the PPO/ADX pinch occurred at the beginning of September. It would seem the pinch lasts longer for stocks over 1.00
Alright, I guess I was just taking the annotated chart I keep referring to a little too literally, for that one they show it try run once and it fell back then broke through
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post #163 of 10571
9/10/09 at 4:18pm
Thread Starter 
I'm thinking of making one quick recommendation on these pinchers. It would seem that even if the ADX is flat, as long as the +DI kicks up along with a good RSI and MACD, you'll get some gains. I keep seeing it over and over again.
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post #164 of 10571
9/10/09 at 5:40pm
Quote:
Originally Posted by Rock Sexton View Post
I'm thinking of making one quick recommendation on these pinchers. It would seem that even if the ADX is flat, as long as the +DI kicks up along with a good RSI and MACD, you'll get some gains. I keep seeing it over and over again.
So Rock, what stock do you feel is your best shot for the pinch ply right now?
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post #165 of 10571
9/10/09 at 5:43pm
Thread Starter 
Quote:
Originally Posted by Curt D View Post
So Rock, what stock do you feel is your best shot for the pinch ply right now?
I don't have anything I'm hot on other than NEOM. I used my new stockfetcher account to run some scans, but nothing is coming up so far. I'm actually surprised at the fact that some of the stocks I've watched/played don't come up on that site.

Anyways, NEOM's RSI(2,5) finally kicked up to 30. The Williams%R is heading up back over -80. MACD will need to turn up. I got in @ .0053 ...... it may be a few days early, as the PPO/ADX are still heading towards each other, but I'm confident. Now it's time to sit back and wait for that volume to kick in.

I've also been a little busy with work the past couple of days so I haven't had as much time. Feel free to run any stocks by me if you have questions.
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post #166 of 10571
9/10/09 at 5:44pm
Rock -

Thanks for the tip on Stockfetcher, hadn't seen that one before.

Have you created a search parameter on that site that matches your pinch criteria? I played around with it for a bit but I don't quite have all the pieces I need. Would you mind posting yours if you do?

I can't get the DI's to overlay the ADX in ProphetCharts, or the B-Bands for that matter, so I'll probably get a subscription to one of the charting websites.

Thanks again for your insight.
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post #167 of 10571
9/10/09 at 5:50pm
Thread Starter 
Quote:
Originally Posted by ClearAsMud View Post
Rock -

Thanks for the tip on Stockfetcher, hadn't seen that one before.

Have you created a search parameter on that site that matches your pinch criteria? I played around with it for a bit but I don't quite have all the pieces I need. Would you mind posting yours if you do?

I can't get the DI's to overlay the ADX in ProphetCharts, or the B-Bands for that matter, so I'll probably get a subscription to one of the charting websites.

Thanks again for your insight.
I'm still learning the ropes........but here's what I've got so far. It turns up NEOM - so obviously I'm headed in the right direction.

Quote:
and RSI(2,5) crossed above 20 in the last 4 days
and volume is above 1000000
and price is above .001
and price is below .50
and Percent Price Oscillator(10,50) has decreased for last 4 days
and ADX(14) has increased for last 4 days

draw MACD Histogram(12,26,9)
draw RSI(5)
draw TRIX(30,9)
draw Williams %R(14)
Obviously you can tweak little things to your liking. I'm playing around with it some more so I'll keep you updated.
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post #168 of 10571
9/10/09 at 6:02pm


Im so pissed I didnt buy this. Inspired by your thread I found this and its up 18% today.lol
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post #169 of 10571
9/10/09 at 6:05pm
Thread Starter 
Quote:
Originally Posted by BranRx View Post
Im so pissed I didnt buy this. Inspired by your thread I found this and its up 18% today.lol
So that makes what, 38% the last two days?
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post #170 of 10571
9/10/09 at 6:09pm
Quote:
Originally Posted by Rock Sexton View Post
So that makes what, 38% the last two days?
Something like that.lol
we need to smooth out these filters, I really like pinches
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post #171 of 10571
9/10/09 at 6:11pm
Quote:
Originally Posted by Rock Sexton View Post
I don't have anything I'm hot on other than NEOM. I used my new stockfetcher account to run some scans, but nothing is coming up so far. I'm actually surprised at the fact that some of the stocks I've watched/played don't come up on that site.

Anyways, NEOM's RSI(2,5) finally kicked up to 30. The Williams%R is heading up back over -80. MACD will need to turn up. I got in @ .0053 ...... it may be a few days early, as the PPO/ADX are still heading towards each other, but I'm confident. Now it's time to sit back and wait for that volume to kick in.

I've also been a little busy with work the past couple of days so I haven't had as much time. Feel free to run any stocks by me if you have questions.
Thanks Rock!
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post #172 of 10571
9/10/09 at 9:11pm
Thread Starter 
Quote:
Originally Posted by Curt D View Post
Thanks Rock!
Curt, I do believe it's time to start looking at CABN. I made mention of it a couple of days ago and the volume is building nicely. It had a green day today and the RSI(2,5) are flat in oversold, so look for them to turn up. Williams%R looks good and the MACD needs to turn up.
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post #173 of 10571
9/10/09 at 9:15pm
Quote:
Originally Posted by Rock Sexton View Post
Curt, I do believe it's time to start looking at CABN. I made mention of it a couple of days ago and the volume is building nicely. It had a green day today and the RSI(2,5) are flat in oversold, so look for them to turn up. Williams%R looks good and the MACD needs to turn up.
Thanks again! I'll check into it in a little while. (I'm at work now). I did pick up some NEOM today. Looks pretty good!
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post #174 of 10571
9/11/09 at 12:08am
What do you think about NSMG?
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post #175 of 10571
9/11/09 at 12:09am
Quote:
Originally Posted by sahunt777 View Post
What do you think about NSMG?
Their phone is disconnected. I figure this isnt a good sign.lol
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post #176 of 10571
9/11/09 at 12:23am
Quote:
Originally Posted by BranRx View Post
Their phone is disconnected. I figure this isnt a good sign.lol
Definitely a bad sign!
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post #177 of 10571
9/11/09 at 2:20am
Thread Starter 
Quote:
Originally Posted by Curt D View Post
Definitely a bad sign!
Storm? .......ya, t'would be bad.

Chart-wise keep it on watch. It's oversold on the RSI(2,5) but hasn't curled back up. Same for MACD. The PPO/ADX are headed in the right direction towards each other, but the -DI on the ADX is still pointed up while the +DI is headed down. Need those two to reverse course.
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post #178 of 10571
9/11/09 at 3:29pm
Thread Starter 
Quote:
Originally Posted by Rock Sexton View Post
I bought a Stockfetcher account today so I can scan for pinchers.

At any rate.........adding:

MDMN
LCRE
LCRE +15% so far today. And according to guys on the main penny forum, news is supposed to come Monday. Volume looks strong.
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post #179 of 10571
9/11/09 at 4:17pm
This thread is 3 shades of awesome. Especially the parts about poo and sex.
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post #180 of 10571
9/11/09 at 4:50pm
Quote:
Originally Posted by NoJobRob View Post
This thread is 3 shades of awesome. Especially the parts about poo and sex.
speaking of which... how was your date?
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