Who is Alan H. Andrews

Andrew’s Pitchfork is a well-known charting tool used by stock traders, but who is this Andrew-person?

The truth is that we do not know much about Alan Hall Andrews, the inventor of the Andrew Pitchfork. We do not know exactly when he was born, but he died in 1985. He was the son of an investment advisor, and he studied at Harvard and MIT. Alan Andrew held an engineering degree from MIT and thought thermodynamics there. There are also reports about him working for his father in the investment business, where he allegedly used his mathematical knowledge to make 1 million USD in four years.

Alan H AndrewsThere are sources that claim that Alan Andrews was married and had several children, but there is no information available about when he married, who he married and when his children were born.

After retiring from his position as a lecturer at the University of Miami, Florida Alan Andrews decided to not just manage his own investments but also teach others about investments. He began publishing an advisory newsletter that you could subscribe to and have delivered to you buy post. The newsletter focused on technical analysis and trading methods developed by Alan Andrews.

Eventually, Alan Andrew began selling The Action-Reaction Course, a 60-page course available for $1,500 in the 1960s and 1970s. The method explained in the course is called “The Median Line Method”. Copies of the course have survived into our time, and Andrew’s texts are now available online.

This is what Alan Andrew himself has to say about The Action-Reaction Course, as stated in the beginning of the 60-page work.

What are some of the important profit making principles that you are now about to learn to use. One is the application to price fluctuations of Newton’s law of physics to which the late Roger Babson attributed his fortune of over $50,000,000. The Action and Reaction Rule that states that these are equal and opposite. Another is how 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.” ¦

Even though Alan Andrew is chiefly known for his Pitchfork, it is just one of several action and reaction techniques outlined in The Action-Reaction Course.

If you do not want to read the entire course you can click here to read how to use the pitchfork.

roger babsonWho is Roger Babson?

Who is this Roger Babson that Alan Andrew mentions? Another elusive investor that we know hardly anything about? No, Roger Ward Babson is actually a well known American entrepreneur, economist and business theorist. He was born in Gloucester, Massachusetts on July 6, 1875 and died in Lake Wales, Florida on March 5, 1967.

Among other things, Roger Babson was a successful investor and the director of several companies, including some listed at the New York Stock Exchange. Roger Babson’s investment advisory company “Babson’s Reports” published one of the first investment newsletters in the U.S. Babson is also remembered for founding Babson College and Webber College (now Webber International University).

Roger Babson had an engineering degree from MIT, and it was while working with George F. Swain, a Professor of Engineering, that Babson learned to draw a nominal line through zigzagging market action on charts. Babson later taught this technique to Allan Andrews, who refined it and included it in his Action-Reaction Course.

Alan Andrews first met Roger Babson when Babson was conducting a seminar on how Newton’s Third Law of Motion applied to the stock market.

Newton’s Third Law of Motion: When one body exerts a force on a second body, the second body simultaneously exerts a force equal in magnitude and opposite in direction on the first body.

This law is sometimes referred to as the action-reaction law, hence the name of Alan Andrew’s Action-Reaction Course.

Sources:

Allan H. Andrews : Market Master : English : Fetched 2015-11-29

Dr. Alan H. Andrews : Article : English : Australian Technical Analysts Association Journal, July/August, 2002

Trading basics: Binaryoptions.net : English:  Fetched 2016-09-25

Secret writings of Alan Hall Andrews : Youtube :  English : Fetched 2015-11-30

Termer :  Sparapengar.com : Swedish : Fetched 2015-11-14

Integrated Pitchfork Analysis: Basic to Intermediate Level : Mircea Dologa : ISBN0470740493