#CFtrader
Dow Theory

Primary Trend - Major trend in which market is moving have 3 phases

1. Accumulation
2. Mark Up
3. Distribution

Secondary Trends - These are corrections or pullbacks in primary trend

Minor Trend - Market fluctuations due to sudden news or noise

Accumulation Phase - Here smart investors & traders accumulate the stocks before actual move occurs

Mark Up Phase - Broader market realizes the opportunity & get active in market

Distribution Phase - End of trend with increase in speculation