A tool designed to measure the amount of stretch in a string of stuck pipe and to indicate the deepest point at which the pipe is free. The free-point indicator is lowered into the well on a conducting cable. Each end of a strain-gauge element is anchored to the pipe wall by friction springs or magnets, and, as increasing strain is put on the pipe, an accurate measurement of its stretch is transmitted to the surface. The stretch measurements indicate the depth at which the pipe is stuck.