![]() Overview Several of the analysis services available through Coghlan Capital have as a significant input, the humble Andrews Pitchfork and more importantly its forefathers, the Normal Line and Median Line. Like most things in life, a tool is as good as the workman wielding it.
Invented by and named after renowned educator Dr Alan H. Andrews, the technical indicator known as Andrew's pitchfork can be used by traders to establish profitable. We have spent years honing the way in which we use these structures and have formulated a unique application (Clivity Analysis) that allows us to identify trend direction, strength and changes in behavior. This page has been put together as a single comprehensive page that answers some basic questions that will allow the reader to understand: • Where did the Andrews Pitchfork come from? • What types of Pitchfork are there? • How does Coghlan Capital continue to improve upon and use these methods? Andrews Pitchfork TradingThere is a need to look back in time somewhat. Many people have heard of Dr Alan Hall Andrews, the inventor of the Andrews Pitchfork. Very few have heard the names Roger Babson or George Marechal. ![]() Fewer still have heard of the Normal Line or BabsonCharts. The fact is that without Babson and his Normal Line, the Andrews Pitchfork as we know it would not exist. Title Writer(s) Length 1. Plus one obvious rarlab. Where did the Andrews Pitchfork come from? The Andrews Pitchfork has at its origins the drowning of a young girl in the Annisquam River in Gloucester, Mass in the 1880s. That young girl was the oldest sister of entrepreneur Roger Babson. Babson, a young boy at the time later described the incident '.they say she drowned, but the fact is.she was unable to fight gravity which came up and seized her like a dragon and brought her to the bottom.' Babson became obsessed with gravity, calling it 'our enemy No.1'. Through his early studies and research into gravity and its effects he came to value the work of the British physicist and mathematician, Sir Isaac Newton. Babson had a special interest in Newton's third law of motion - 'For every action there is an equal and opposite reaction'. Babson applied this in his fight to harness gravity, even going so far as to found the Gravity Research Foundation in 1960 which to this day issues rewards for essays by scientist on gravity related topics. His interest in Newton's Third Law resulted in his applying it to many aspects of both his personal and business life, seeing a natural order and balance in all things. In the fall of 1901 Babson contracted tuberculosis and as a direct result of this left the city and moved to Wellesley Hills, Mass to ponder his future. In 1904 Babson and his wife Grace launched the Babson Statistics Organization (later to be known as Babson's Reports), which would see him to sell his analysis of stocks and bonds in newsletters to banks. That analysis is how Babson applied Newton's Third Law to the stock markets and how we come to be introduced to the Normal Line. The Normal Line was the way in which Babson charted and predicted times of prosperity and recession. He opined that price trading above the Normal Line indicated prosperity, whereas a move beneath the Normal line indicated recession or hard times.
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