Money press came out with a new one Hooke’s Law that showsbig 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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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.
Cup and Handle looks like a hook and to me looks very similar
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….
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.
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
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
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?
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.
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.
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.
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.
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.
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).
Being long option contract a 25% stop might be normal in all but the most heavily traded options.
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.
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.
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 give you all the secret to being a multimillionaire. You’re not going to like it because most people want to believe there’s a get rich quick scheme that actually works. Here it is: Fully fund your Roth IRA each year, as well as your 401k at work if you have one. Put 1/3 in an A rated aggressive growth mutual fund, 1/3 in an A rated growth fund, and 1/3 in an A rated growth and income fund. Now, leave it alone. Come back when you’re ready to retire. I guarantee, barring a nuclear war or your own demise, you will be a rich, rich man. You’re welcome. And whatever you do, stay away from this Hooke’s Law imbecile.
Mike that sounds like some of the most sound advice I have seen in print for a long time. Thanks for input
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.
Jesse Livermore had some good advice too!
“Don’t be a sucker!”
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.
Scanner:
StockFetcher.com (I use the free version)
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.”
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
You can view the updated web page here: http://stockdotgenie.com/swinggeniewithearlywarningsystem/
Good Luck with your trading, Michael
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.
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!
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 ………..
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 correct and buy good stocks at this point.
Now, the Euro Central Banks are still engaged in QE and this may be what is currently bolstering the market. Some sources say that this too will reverse in around July of 2018.
So where are the investments you are looking for? Many inet trolls are touting precious metals. They may be right, they may be crazy. The extremes are calling for 800 dollar gold on one hand and 10,000 gold on the other. Both of these positions give good reason for their views and both claim to have good track records. Both of these guys use the same tactics and both have called pivot dates for the last several years that have not born fruit.
The best advice I can offer is to keep your own console. Almost no little guys succeed in this game. You must study the macro economy, understand the underlying economic activity. With this knowledge you use technical indicators to find entry points for the security you identify as likely to respond to economic conditions. Do not make emotional decisions, but stick to your hard fought understanding to develop a method for entering and exiting these markets. Your decisions must be systematic and not heuristic.
And, oh yeah, stay out of annuities, and if you can avoid it, ETFs (unless you are trading short term). Do not attempt to trade on news stories as you will almost always be late to the game. Do not believe the miracle investment stories, these are universally a rip off and the folks selling them are not making their money on the market, but rather on selling ways to do so.
Reading this, it sounds discouraging, it is not meant to be so. I am in a similar position, but I spent the last 10 year prior to retirement paying down and restructuring debt. As such, I have the luxury to wait for cheaper asset prices. If you are burdened with high debt, address this first.
First rule: DO NOT LOSE MONEY.
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?