When I first read about Dr. Andrews' special
methods for drawing lines on a price chart, I was not impressed. That was back
in the late l970s. The
flyer I read gave no clues about the techniques themselves; only
that his methods were based on the Newtonian law of action and
reaction. I mistakenly reduced that law to "what goes up must
come down," and decided to pass if that's all there was to it.
(I would later find out how hasty that judgment turned out to
I often think about my intial reaction to that flyer. Those were
the days when technical indicators were the tools of the discerning
trader. Formula-based indicators such as RSI, Stochastics, Momentum,
Rate of Change, etc. sprung to life in the heart of every chartist.
Programmable calculators did the leg-work on the formulas, and
some even had built-in routines that generated buy and sell signals.
After years of burning the midnight oil poring over charts, trying
to count waves, drawing trend lines, figuring out Fibonacci retracement
levels, updating moving averages, and so on, the advent of computer-assisted
analysis seemed the better way to go.
a commodity broker I worked with showed me the course material
he'd ordered from Dr. Andrews. It had cost him $1500.00, which
was no small sum in those days. He gave me several pages to look
over, and it didn't take me long to realize that Dr. Andrews'
median lines worked more often than not. After drawing his basic
pitchfork on chart after chart, I began to notice how often prices
stalled out or turned around on his lines. And, I was barely into
the course material!
prices head for and reverse time and again on Dr. Andrews' course
lines convinced me to become a course member myself. That was
in late 1979. I enrolled, attended several of his seminars, and
subsequently used his methods for many years as a commodity broker.
I also taught his introductory techniques as part of a community
college marketing course. Dr. Andrews' methods were so well received
in those sessions that an advanced technical analysis course was
requested by the students and added to the curriculum.
years ago, after Dr. Andrews stopped offering his course, the
thought of putting together an e-mail study course based on his
techniques crossed my mind. I knew that many stock and commodity
traders were familiar with the pitchfork technique, but that few
really understood its use and potential. I also knew that sponsoring
such a course would require a great deal more time than I could
give then, so the idea was put on hold. I resolved to make it
a retirement career.
after I retired several years ago, I set up an office in my home,
gathered all the material I had received from Dr. Andrews over
several years, organized it along with my personal notes, and
put the course together. I'm happy to say that our course is now
in its 16th year of operation. During that time, several hundred
traders from around the globe have learned how to profitably analyze
the markets using Dr. Andrews' unique trading methods .
I've been using Dr. Andrews' trading methods in my personal investment
portfolio for over 30 years now. I can't imagine trading without