Pitchfork Primer Andrews lines commodity and stock market analysis trading charts home study_1

Post on: 16 Март, 2015 No Comment

Pitchfork Primer Andrews lines commodity and stock market analysis trading charts home study_1

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 be.)

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.

Then 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!

Watching 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.

Pitchfork Primer Andrews lines commodity and stock market analysis trading charts home study_1

Many 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.

Shortly 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 them.

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