Quote:
Originally Posted by Curt D 
I'm thinking these aren't pinch plays. Unless I'm still confused on the exact indicator readings required for a pinch play.
Since on both of these, the +DI is already higher than the -DI. And the RSI is already at or above 50.
Bugs looks really great with the volume coming in. It looks like it's ready for a run if the volume picks up even more on Monday. Is there any news on this one?
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I hope you're kidding.
The ADX is above 25, where you want it to be and the +DI is spiking up. This means the strength of the up trend is solid. I'll take an RSI of 50. RSI of 70 is when you start watching to see if it's oversold. The Williams%R is nice, as is the Trix (3,3).
As for TXMC, I think I may have looked at that one wrong. Actually, what I was watching was how that +DI is kicking up and the RSI is picking up heading towards 50. As I noted in a response earlier in this thread, +DI and RSI are good indicators of positive trends.