Pitching is plentiful, that's how I've always viewed it. Always draft power/multi cat guys in the early rounds. Then when you get to round four or five, pick a pitcher or two. Then fill out the rest of your lineup. There are so many underrated pitchers in fantasy drafts its not funny. Heck, last year I hit the nail on the head by drafting Johnny Cueto, Madison Bumgarner, Ricky Romero and Jeremy Hellickson in almost every league. Unless I'm picking a pitcher that I trust to put up great stats, I never take one in the first three rounds.
This strategy works great, at least in my experience.