What is "Jack Hershey's Method"?

Warning signs of a destructive cult
Do you know someone in a destructive cult?
Warning signs!

Ask yourself if the following criteria apply to the group you are concerned about.

A destructive cult tends to be totalitarian in its control of its members' behavior. Cults are likely to dictate in great detail not only what members believe, but also what members wear and eat, when and where members work, sleep, and bathe, and how members think, speak, and conduct familial, marital, or sexual relationships.

A destructive cult tends to have an ethical double standard. Members are urged to be obedient to the cult, to carefully follow cult rules. They are also encouraged to be revealing and open in the group, confessing all to the leaders. On the other hand, outside the group they are encouraged to act unethically, manipulating outsiders or nonmembers, and either deceiving them or simply revealing very little about themselves or the group. In contrast to destructive cults, honorable groups teach members to abide by one set of ethics and act ethically and truthfully to all people in all situations.

A destructive cult has only two basic purposes: recruiting new members and fund-raising. Altruistic movements, established religions, and other honorable groups also recruit and raise funds. However, these actions are incidental to an honorable group's main purpose of improving the lives of its members and of humankind in general. Destructive cults may claim to make social contributions, but in actuality such claims are superficial and only serve as gestures or fronts for recruiting and fund-raising. A cult's real goal is to increase the prestige and often the wealth of the leader.

A destructive cult appears to be innovative and exclusive. The leader claims to be breaking with tradition, offering something novel, and instituting the ONLY viable system for change that will solve life's problems or the world's ills. But these claims are empty and only used to recruit members who are then surreptitiously subjected to mind control to inhibit their ability to examine the actual validity of the claims of the leader and the cult.

A destructive cult is authoritarian in its power structure. The leader is regarded as the supreme authority. He or she may delegate certain power to a few subordinates for the purpose of seeing that members adhere to the leader's wishes. There is no appeal outside his or her system to a greater system of justice. For example, if a schoolteacher feels unjustly treated by a principal, an appeal can be made to the superintendent. In a destructive cult, the leader claims to have the only and final ruling on all matters.

A destructive cult's leader is a self-appointed messianic person claiming to have a special mission in life. For example, leaders of flying saucer cults claim that beings from outer space have commissioned them to lead people away from Earth, so that only the leaders can save them from impending doom.

A destructive cult's leader centers the veneration of members upon himself or herself. Priests, rabbis, ministers, democratic leaders, and other leaders of genuinely altruistic movements focus the veneration of adherents on God or a set of ethical principles. Cult leaders, in contrast, keep the focus of love, devotion, and allegiance on themselves.

A destructive cult's leader tends to be determined, domineering, and charismatic. Such a leader effectively persuades followers to abandon or alter their families, friends, and careers to follow the cult. The leader then takes control over followers' possessions, money, time, and lives.
 
Quote from bighog:

Think of Jake Bernstein, he is another papertrader that has been around for ages. Linda Bradford Raske probably was, is an actual walking talking trader in real life. You have Joe Ross also who along with Linda , Constance Brown and others i read books and picked up a tidbit or two to enhance my trading ideas.

As time progressed and i kept stirring the pudding until it got thicker and came to a slow boil i indeed have looked at and possibly read MOST GURUITIS stuff out there. Then after seeing all the jibber jabber about Jack Hershey stuff and even as a winning daytrader the ramblings pinged my interest, face it, i am always willing to learn more.

I indeed looked at spydertraders stuff about what was being offered. ZIP, nada, zero NEW tidbits were extracted, i mean not even a simple tidbit. SCT is all old stuff and as they say on wall street, SCT is a pig with lipstick.

Channel trading is in every technical analysis book out there. What has SCT done for you lately might be asked. Well jack claims you can get triple the range, no losers, opportunity to make a couple hundred trades a day, have dozens of lines on the screen to remind you about playing with crayons in kindergarten and above all get an opportunity to be fleeced in the near future.

Channel trading is there on any chart to be seen by any trader worth his/her salt. most traders do not need to be "arrow addicts" to see when price will do what price will do.

KISS works, put the crayons back in the childrens playpen and get serious guys/gals.

I use Jacks methods at times and theyve worked for me..Im by no means a 'follower' .. but you have it wrong when you describe him as just preaching another channel theory..

The core of his method ( at least in my eyes ) that Ive never seen before is his forumlation for volume dryup and how to use it to forsee a major move.

Yes yes we all know dry up volume proceeds a major move but his formula for predicting when the move is about to happen is actually pretty cool
 
Quote from Anunakki:

I use Jacks methods at times and theyve worked for me..Im by no means a 'follower' .. but you have it wrong when you describe him as just preaching another channel theory..

The core of his method ( at least in my eyes ) that Ive never seen before is his forumlation for volume dryup and how to use it to forsee a major move.

Yes yes we all know dry up volume proceeds a major move but his formula for predicting when the move is about to happen is actually pretty cool
You do err greatly.
Jack does not predict!
 
Quote from ozzietrader:

I'm with you thread starter. I seen a lot of threads on jack but never really found out much about the method. I guess you gotta dig deep to find some answers, but I wasn't that interested.

Look at Spydertrader's Equities trading Journals for starters.

DS
 
Quote from bighog:



KISS works, put the crayons back in the childrens playpen and get serious guys/gals.


Yes, KISS works, but if often takes years of experience for someone to finally come to that realization.

In the meantime, you have people like Jack who love to screw with newbies heads, who think that esoteric theories must hold some secret to profits.

ANYONE WHO CAN'T EXPLAIN THEIR TRADING SYSTEM OR STRATEGY IN A SINGLE CLEAR PARAGRAPH DOES NOT DESERVE YOUR ATTENTION, OR YOUR MONEY.
 
Quote from lindq:

ANYONE WHO CAN'T EXPLAIN THEIR TRADING SYSTEM OR STRATEGY IN A SINGLE CLEAR PARAGRAPH DOES NOT DESERVE YOUR ATTENTION, OR YOUR MONEY.

What is so hard?

Channel trading, the way Hershey purports it WORKS.. its that simple as KISS
 
Quote from TudorJones:

What is so hard?

Channel trading, the way Hershey purports it WORKS.. its that simple as KISS
Then why does it require days of reading and months of study?
 
Quote from Thunderdog:

Then why does it require days of reading and months of study?

making things SIMPLE is a very complicated process. That's all I can disclose on this matter.
 
Quote from trader225:

You do err greatly.
Jack does not predict!

yes poor choice of words.. but your response is indicitive of why some people make fun of Jack and his methods.

Act like an adult and dont get caught up in semantics
 
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