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The Andrews ML is drawn by finding 3 points A_B_C
Find the mid point of B-C and draw a median line by connecting A and the
mid point.
To get the parallel lines draw lines from B and C that are parallel to the
line A-Midpoint.
As in the chart with the up sloping silver line
To draw the Schiff ML
Find the midpoint of AB and The midpoint of BC draw a line connecting the two.
To draw parallel lines draw the lines from B and C.
Example is the down sloping silver line.
Besides being a different line the purpose of the 2 are different.
The Schiff is used only to find turning points in some situations.
At 12:45 PM 7/28/98 -0700, Tom Stein wrote:
>It is amazing how the cash S&P came with 1 point of a .618 retracement of
>the June-July rally......It's hard to imagine why anyone would say that Fib
>numbers don't work......
>
>I don't care why they......but they do have some validity.....
>
>
>Tom Stein
>comfut@xxxxxxx
>
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