HOT TOPICS LIST
INDICATORS LIST
LIST OF TOPICS
Alan Andrews developed one such technique, which he called the median line method. The median line method calls for drawing a line from a high or low price level through the median price of a subsequent corrective rally or decline and once that is done, adding parallel lines above and below the median line from the corrective highs and lows. This results in three lines: a long center line (the median line), an upper channel line and a lower channel line. Each line defines potential support or resistance. Because of the shape it makes on a price chart, the median line method soon became known as the Andrews pitchfork. The long center median line resembles a handle, while the two shorter parallel lines are the tines of the pitchfork. |
Title: | Industrial Engineer |
Company: | Technical Analysis, Inc. |
Address: | 4757 California Ave SW |
Seattle, WA 98116 | |
Phone # for sales: | 206 938 0570 |
Website: | Traders.com |
E-mail address: | JasonHutson@Traders.com |
Traders' Resource Links | |
Charting the Stock Market: The Wyckoff Method -- Books | |
Working-Money.com -- Online Trading Services | |
Traders.com Advantage -- Online Trading Services | |
Technical Analysis of Stocks & Commodities -- Publications and Newsletters | |
Working Money, at Working-Money.com -- Publications and Newsletters | |
Traders.com Advantage -- Publications and Newsletters | |
Professional Traders Starter Kit -- Software |
Click here for more information about our publications!