Accumulation
Technical analysisSustained buying by informed participants, usually visible as heavy volume without much price progress.
In plain terms
Big money buying quietly, because buying loudly would move the price against them.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Dow Theory
Technical analysisCharles Dow's framework: price discounts everything, prices move in trends, and a trend runs through accumulation, participation and distribution phases.
In plain terms
A century old and still the skeleton under everything in the field, because it describes how information and money propagate through a market — and that has not changed.
EEE taxation
Regulation & taxExempt-Exempt-Exempt — contribution, accumulation and withdrawal are all tax-free.
In plain terms
Why a 7.5% PPF return beats a taxable 10% for someone in the 30% slab.
Sign of strength
Technical analysisIn Wyckoff analysis, the break above the top of an accumulation range on expanding volume and wide-range candles.
In plain terms
Accumulation is complete and markup begins. It is the first point in the sequence most people can act on with reasonable odds.
Wyckoff
Technical analysisAlso called: Wyckoff method
A framework from the early 1900s for reading accumulation and distribution from price and volume alone.
In plain terms
It addresses a constraint that has not changed: a large buyer cannot buy quickly without destroying their own price. Take volume away and it becomes drawing boxes on a chart.
Discounting
Technical analysisThe first assumption of technical analysis — that every known fact, forecast and emotion is already expressed in the price.
In plain terms
You do not need to know why a large fund is accumulating. The accumulation shows up as rising price on rising volume whether or not the reason is public.
OBV
Technical analysisAlso called: On-Balance Volume
On-Balance Volume — a running total that adds the session's volume on up days and subtracts it on down days.
In plain terms
Rising while price goes sideways suggests quiet accumulation, which is the signature institutions leave when they cannot buy in one order.