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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
6 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
6 years ago
Reply to  bandanna

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

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Normally Dubious
6 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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👍 173
Wild Bill
6 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
6 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
6 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
6 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
4 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