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The methods used by Roger Babson and Andrews may have been based on the same theory of action reaction but the actual methods are very different. Roger Babson used a method which measured how far the price moved above or below a line drawn through the center of previous price swings. This allowed Babson to calculate the average distance above or below the center line that a price swing should move before it turns the other direction. It is believed that Babson used this method to make a fortune in the markets by identifying when markets were over extended either upward or downward. This is also believed to be the method he used in 1929 to give many public warnings that the stock market was greatly over extended and a large decline was coming. When the 1929 crash finally came, Babson was heralded as a genius.
The methods used by Andrews appear to be based on this sarne idea of the price moving around a center line but are different from the methods used by Babson. The Babson methods are for long term stock market and economic analysis, while the Andrews' methods are for short term trading. The end result for Babson and Andrews was similar, because it is reported that Andrews also made a very large amount of money trading. The traders with whom I have talked, who attended the Andrews seminars, indicated that Andrews made well over a million dollars trading....

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