Put Andrews' Median Line to the Test!Dr. Alan Andrews developed a technical market analysis tool called the Median Line and taught the method in the 1960's and 1970's. He determined there was a high probability price returned to the Median Line - a line drawn on a stock or futures price chart - after making three alternative pivots. Dr. Andrews stated in his Action-Reaction course:
??drawing a single line will enable you to know
where the price of any stock or any future is now headed
and the probable time it will reach there.?
AND, the method would,
??enable the user to be one of the few who can
tell
where the prices are headed, and the place
they will reach about 80% of the time,
and when approximately that place will be reached.?
Which brings a number of questions to mind:
Does such a simple method apply to today's markets?
If so, which markets?
Does price return to the Median Line more often than not?
What happens when prices NEAR the Median Line?
What is the probability prices will reverse
and change trend NEAR the Median Line?
When I first found some of Dr. Andrews? work, I gave it little thought. It seemed simple ? TOO simple. I thought I would give it a try and started using it in my trading. I mistakenly tried to use the method with REAL money, and I quickly found out that there was much more behind Andrews? words. Most likely SEVERAL years of market study.
Although the initial ?failure? ( I hate to use that word) was disheartening, the method continued to intrigue me. I decided to give it a real test drive. I set up a study of the Median Line method to put it to the test!
I wanted to know if this old fashioned method worked. I extracted some of the major observations Dr. Andrews? made and used them as a basis for the study. Dr. Andrews? was an engineer by training and often referred to the probability of prices acting according to his observations. So I thought, why not start there!
I determined the probability of price acting according to Dr. Andrews? observations for a few of the markets I liked watching. What did I find? To be honest with you, it really doesn?t matter what I found. Why?
Because I drew the lines on certain charts of certain markets and certain time frames under certain conditions. Would the results I found apply across all markets, all time frames, and all conditions? I don?t know ? probably not. Could the way I drew the lines differ from the way others would draw the lines ? probably.
But, if the way I drew the lines worked for me, and I found that it applied not only to past price charts, but gave me an idea of what to expect price to do in the future ? that information would obviously be valuable.
So, if YOU found that the way YOU drew lines on past price charts gave YOU an idea of what to expect in the future, wouldn't YOU consider that valuable information? If you determined price acted a certain way with a 70% to 80% probability, wouldn?t THAT be valuable information?
Some of the most valuable ?nuggets? I found while conducted my study of the Median Line was discovered through simply drawing line after line. Certain things started to ?pop? off the charts. Only through careful study and extensive practice did I start to see where the Median Line method seemed
to work and where it did not.
I found many original students of Dr. Andrews who helped me extensively during my research. I submitted my original research/empirical study to Tim Morge, an original student of Dr. Andrews and master Median Line trader. He has posted it on his website, MarketGeometry.com under the Free Info section. You will find a PDF link at the bottom of the page, ?by Greg Fisher?.
Here is what Tim had to say,
"I eagerly hold you up as someone that "rolled up their sleeves" and did their own work to look under the hood and see if the stuff works or not. Like me, you did your own statistics and proved or disproved to yourself what worked or didn't work."
"I commend you on your work, as I have in the past. And I would tell anyone that looks at any trading method
to do what you did: Study it, take it apart, check it out systematically and figure out if it has merit or is junk."
~ Tim Morge - MedianLine.com, MarketGeometry.com
So, what does all of this mean for you?
Now YOU have the chance to put the Median Line to the test!
I developed a study guide based on my original research to help others to start down the path of truly understanding the Median Line method.
The study guide gives a simple and systematic step-by-step approach to drawing Median
Lines on price charts and determining the probability of prices acting according to the basic observations Andrews made regarding price NEAR the Median Line. The study can be applied to any stock or futures price chart, and any time frame of your choosing.
Purchasing the study guide will give you free access to our members-only area, where you can submit the results of the studies you conduct as well as have access to the accumulated results of all other studies conducted by other members.
PDF NOW AVAILABLE FOR $49!Price NEAR the Median Line
What are the Probabilities?
Click on the graphic above to order the e-book in PDF format for $49. Clickbank sells our products - they are a trusted online retailer specializing in digitally delivered products. Please note: Your credit card statement will reference CLKBANK*COM as the retailer - no reference to the Median Line book will be listed. Please follow the instructions closely as you will be led to a download page to retrieve the PDF file. Download time depends on your internet connection speed, but should be less than 20 seconds.
OR - if you are not yet sure -
please scroll down and download a free copy of the introduction to the study guide to help you make your decision.
Download the introduction to the book for FREE!
Click here to download the introduction PDF file.
You will need Adobe Reader (the latest version is recommended) installed on your computer in order to open and read this file. You can get Adobe Reader here
(a new window will open so you can download it without leaving this page).
Click on the link to open the file in your browser window. Or, if you want to download the file to view later, right-click on the link and choose "Save Target As"
or "Save File As." Then select where you want to save the file on your hard drive. Once you have saved the file, locate where you saved it, and double click to open.
Made up your mind. Good! Click below to order!
ORDER
NOW!!!
Clickbank sells our products - they are a trusted online retailer specializing in digitally delivered products. Your credit card statement will list CLKBANK*COM as the retailer. Please follow the instructions closely as you will be led to a download page to retrieve the PDF file. Download time depends on your internet connection speed, but should be less than 20 seconds.
You will receive a login ID and password to our membership site shortly after purchasing the study guide. Remember to come back and visit the Members Only area!
Regards,
Greg Fisher
Visit us at: www.median-line-study.com
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