Review: USING ANDREWS MEDIAN LINES TO PREDICT PRICE MOVEMENTS
Rating: 3 out of 5
Date: 06 15, 2014
Alan Andrews Median Line Technique is popularly known as the Andrews Pitchfork.  He believes that the next direction in a stock’s price movement can be predicted using this method with almost 80% accuracy.  There are three basic concepts to this median line theory:• Pivot Points-Point at which price turns in the opposite direction of the current trend.• Trend Line-Line drawn OVER price to connect the highs in a downtrend or UNDER the price to connect the lows in an  uptrend.  Helps identify current market trends.• Support-Is the level at which the price is unable to decline any further.The Andrews Pitchfork is a reliable tool for identifying good trades.  It has become a universal tool because it is used not only for stocks but for all financial instruments traded around the world.  However, it should be used along with other indicators to minimize risk.  Wilson writes a passable description of this somewhat complex tool used by traders, I feel like he would have perhaps done better by emphasizing the key concepts instead of briefly discussing each element.  This is a good read for more experienced traders but in my opinion a little difficult for newbies.