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
Member
👍0
bandanna

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
Member
👍27
wsattler

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

Normally Dubious
Member
👍129

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,… Read more »

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Wild Bill
Guest

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
Guest
Jon

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
Guest
Jerrod Mason

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
Guest
Stu Brown

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… Read more »

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John
Guest
John

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
Guest
Mike Arnett

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
Admin
👍12077

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
Guest
John

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
Guest
Mike Arnett

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… Read more »

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Travis Johnson, Stock Gumshoe
Admin
👍12077

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
Guest

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

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Wayne Wilson
Guest

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
Guest
Robert Reilly

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
Guest
Mike Arnett

There is no need to try to explain this charlatain. He advertises around 300% yearly ROI. Let’s do the math. Assume someone starts with just $1,000. In ten short years you would have over 19 million dollars. Twenty years, over 1 trillion dollars. Thirty years, 68 QUADRILLION dollars – more money than all the currencies of the entire planet added up by a rediculous margin. So, a 20 year old doing this could own the entire planet long before his/her 50th birthday. I fail to understand why anyone would even remotely consider this scam. Tell you what. I’m going to… Read more »

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Larry
Guest
Larry

Mike that sounds like some of the most sound advice I have seen in print for a long time. Thanks for input

Mike Arnett
Guest
Mike Arnett

Thanks Larry. I get so damn mad when I see innocent people being conned. Since my post last year, I discovered Dave Ramsey. He has a really exceptional book called Total Money Makeover. Very similar to my thoughts above and a highly recommended read. He’s on the radio and covers in great detail crucial topics such as getting out of debt, real estate, and funding your children’s education. There is literally nothing I disagree with. He could be my clone, or more likely I am his.

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Steve H
Guest
Steve H

Jesse Livermore had some good advice too!
“Don’t be a sucker!”

Paul Severson
Guest

It doesn’t sound like you guys really get this at all. I too think he is talking options and the technical indicator behind it is most probably a RSI or Stochastics indicator (Blue Line) as it goes down and touches the probably 10% mark (Red Line). Simple as that! I just saved you $2,500…. but his service texts you these stocks that happen about once every two weeks. You would have to have a scanner to scan stocks based on their individual Stochastics or Relative Strength indicators touching their respective 10% line.

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Janet
Guest
Janet

Scanner:
StockFetcher.com (I use the free version)

Michael Slattery
Guest

Hi Everyone: Hooke’s law as it is applied to stocks analysis is real, but the calculation to reproduce the physics and apply it to a stock or equity is irrelevant and I am guessing intentionally misleading on the part of MoneyPress. You can see the simple explanation of an effective tool that incorporates the same end points here: http://stockdotgenie.com/launch-pad-swing-trading/ Article submitted to Technical Analysis of Stocks and Commodities on an updated and more sophisticated version of this trading tool call the “Early Warning System.”

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morlock
Member
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morlock

I’d be more inclined to take the Launchpad pitch seriously with fewer typos e.g. intorductory, preceeds You might also want to revise the historical citation. Hooke’s Law is Robert Hooke, 1670, not John Hooke, 1370. https://en.wikipedia.org/wiki/Robert_Hooke#Watch_balance_spring
https://en.wikipedia.org/wiki/Hooke's_law

Michael Slattery
Guest

You can view the updated web page here: http://stockdotgenie.com/swinggeniewithearlywarningsystem/
Good Luck with your trading, Michael

Zeb
Guest

The % is calculated on the profit made in the trade divided by the number of trading days of the trade multiplied by the number of trading days in the year then divided by the original cost of the stock. In this case it is as follows: $40.64 – $38,51 = $2.13/10(trading days of the trade $0,213 x 250 trading days in the year (approximate), $2.13/10 = $0.213/day x 250 = $53.25 (profit annualized)/$38.51 = 1.38 or 138%. Anyway that is the way I see it.

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fschwar
Member
👍1
fschwar

Zeb, you hit the nail square on the head, annualized returns. That’s exactly what I came up with and thought it so obvious I was going to comment myself, but you beat me to it. Congratulations!

Mr Jake
Guest

Help, I am fairly new to investing and because of gov’t regulations and cutbacks and the lack funds.as they were on the verse of a major shutdown ! I retired early but I still believe in that goose laying the golden egg! can somebody point a decent man in the right direction !!! I did work hard during my days with the government and I thought retirement would be sweet but I fooled myself and I refuse to live off peanut butter and jelly sandwich’s ………..

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Dutch
Guest
Dutch

Be careful. Due to the Quantitative Easing program 8 years ago, you could have grabbed just about any stock and let it ride. The US Fed Reserve quantitative easing program is now over and the cash infusions are going to be reversed thru a Quantitative Tightening program where money, through Fed Bond selling is going to reverse direction out of the market. This reduction of liquidity is likely to have an inverse impact on the stock markets. The prudent thing to do may be to remain in cash – keep your powder dry – and wait for the markets to… Read more »

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leslie7
Irregular
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leslie7

Excellent advice!

One thing that I’ve heard is that people/institutions will be moving out of a soon-to-be-disastrous bond market and will move their funds to stocks as they try to chase yield, thus driving the market higher, no matter what the fundamentals indicate. Any thoughts about that?