written by reader Money press came out with a new one Hooke’s Law that shows

By backoffice, April 22, 2016

big returns if you catch it at the right time. Towards the end of the sales pitch it sounded like they were giving the formula to determine when the stock would be ready to be purchased. For some reason the broadcast ended and I’m having trouble getting it back
Any clues on what this is?

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bandanna
bandanna
4 years ago

I’m reading the transcript and he provides the equation he uses to do the calcs but no examples. There’s also a 5 point ‘screen’ to further vet the recommendations that go into the newsletter. The interesting thing is how he can tease 2 ‘unique’ recommendations when the service is so time sensitive that he sends out text messages.

wsattler
wsattler
4 years ago
Reply to  bandanna

Cup and Handle looks like a hook and to me looks very similar

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Normally Dubious
4 years ago

I sat through the whole presentation. Mr. Chemical Engineer did talk about patterns on the stock chart that look like a hook. He gave several examples, about how on some date a certain stock (X, VLO, etc) the stock chart shows the hook shape. Having a symbol and a date to look at, I looked at, the stock graph on yahoo finance. A stock with the hook shape would have decreased several dollars in one day, sat with little gain the next day, then had a many dollars increase the third day. Notable is that when the stock goes down, its not necessarily down to its low all year, more of a “local minima” before it starts its rise.
In candlestick lingo, a red, a doji and then a green bigger than the red candlestick.
The message is that by buying his Stealth Profits trader, he will somehow teach you to
do this analysis; he says it takes him a couple of minutes a day, and so can you for just $2500 normally $4000. But its only available to 500 people (ha!) so act quickly. Some of what he was talking about was similar to what the youngster at Oxford (Matthew Carr) talks about regarding “timing the market” – to oversimplify, when you see a stock go up big in one day buy it. Fidelity’s main interface on my iphone also has a display daily of the 9 stocks with greatest % change, followed by top 9 gainers and top 9 losers…and that information is $2500 less than the information from MMP. As a side note, its annoying that they go out of their way to tell us that this Chemical Engineer didnt’ go to an Ivy League school. Some of my best friends went to….

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Wild Bill
4 years ago

It was rubbish to me. After watching Oscar Carboni and Helen Meisler, it wasn’t making a lot of sense. But when I get a feeling of things not being right. Or disbelieving I’m not paying attetionmuch anyway. Mentioning the two people I just mentioned and them being the pros they are and they ARE! Why haven’t I heard about this yet? Or them ? If there’s big money it’s only natural for the money whores to be involed.

Jon
Jon
4 years ago

I was bored today so I cleaned out some old emails and found their link. I watched the video. Aside from the not part of Wall Street pitch, I found it strange that he mentions that the calculations are so simple that even he can do them and he is the developer. I called to find out more information about the specifics of the formula and about getting trade documentation supporting the claims. The fellow at Money Press did not seem very interested in providing what I asked for. I wonder why????? documentation great and and told the

Jerrod Mason
Jerrod Mason
4 years ago

Guys, it’s not necessary to sit through the whole thing. With any of moneymappress.com’s excruciating videos, just close the tab, then respond “Stay on Page.” The video is then replaced by a transcript that you can skim in a much shorter time. Even simpler: Copy the link to the address bar and append “Full” before pressing Enter. Example:
http://pro.moneymappress.com/SPFHK26LF/ESPFS633/Full

Stu Brown
Stu Brown
4 years ago

The J hook pattern is not necessarily in the stock chart itself. It is in the plot of the difference between the 20 day sma and the daily stock price – assume closing price. One could plot that and look for a minimum. But that could be plus or minus as the stock may swing back and forth thru it. He does say the stock has to be in an uptrend so that may limit it to positive values. Not sure how he calculates the “zero” line. Could be as the stock touches the difference line and starts to move away from it. BTW, the 20 day sma is the center line of Bollinger bands. Any other ideas?

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John
John
2 years ago
Reply to  Stu Brown

The “zero line” is simply the absolute value of price minus 20 day moving average. Nothing magical about it. Just a deceptive disguise for using the 20MA.

Mike Arnett
Mike Arnett
4 years ago

None of the results in his sales pitch are true. Every one of the charts are wrong. The Hormel trade towards the end of the video says to buy 1/19/2016 and sell on 2/1/2016 for a profit of 150%. HRL was $38.51 on 1/19 and 40.64 on 2/1, for profit of around 4%. Use the link in post #5 and go through each chart. Looks like a huge scam IMO.

Travis Johnson, Stock Gumshoe
Reply to  Mike Arnett

In such cases they’re usually taking about trading options, not the common stock. Though I don’t know otherwise if the trading claims are accurate.

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John
John
4 years ago

That has to be the case as to options because Lockheed Martin was at about 205 and rose to about 240, a 17% rise at most. Point rise would be great for options but still it took about 3 months.

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Mike Arnett
Mike Arnett
4 years ago

Travis, The entire sales pitch never mentions options. I dare you to show me an options play that gives a 150% return when the underlying stock moves 4% and when you dont know how long you’ll be in the trade. What strike price? What month expiration? Every one of this scumbag’s plays calls for buying “at the best possible price”, implying with near certainty he means buying the underlying stock and not a derivative speculation. An even bigger question is, why are you possibly defending this piece of dirt? Do a youtube search. There are only two videos and one is him promoting e-mini futures as the best investment possible. Why the change of heart? While he mentions being on Fox News and the Jim Varney show, there is, conveniently, no record of him ever being on that show that I can find. Another note: Why would anyone in their right mind take investment advice from someone who says set your stop loss at 25%? This is stupidity of the highest order. If you reply with any defense or rationalization of this scammer, I will finish you off with the most damnable evidence. I haven’t even started. I am sick of people who prey on innocent victims. I must sadly assume you have a vested interest in this venture. Let’s see if you have the balls to respond.

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Travis Johnson, Stock Gumshoe
Reply to  Mike Arnett

I’m not trying to defend the service — I didn’t actually even look to check what service you’re discussing… Just noting that such huge short-term returns are always options-related in any ad I’ve seen for any service. And many of them don’t mention the word “options,” because that gives away some of the secret (and scares people who are afraid of options).

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Steve
3 years ago
Reply to  Mike Arnett

Being long option contract a 25% stop might be normal in all but the most heavily traded options.

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Wayne Wilson
4 years ago

With the technical knowledge that I have, it upsets me when they don’t tell me exactly what the numbers or lines are. I believe he said the blue line was daily though. They of course they hire copywriters to write these lifelong articles. Then of course we know something is for sale. Of course it would be necessary to do some form of preliminary analysis to find appropriate stocks, hence the 5 point list.

Robert Reilly
Robert Reilly
4 years ago

Like Travis, I haven’t looked at the MMP product, but I kind-of agree that options are probably the vehicle here: if you buy a “casino call”(a call option a little out-of-the -money and close to expiry, thus selling for almost zero, say 1 or 2 cents), a 5 cent move in the underlying stock that makes the option in-the-money and worth maybe 25 cents gives you a massive percentage gain, $25 for every $1 you “invest.” However, I would guess that the Hooke Pattern is not 100% predictive, so your “investing” is really “gambling” against massive time-decay of expiring options.

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Mike Arnett
Mike Arnett
4 years ago