Wyckoff tradition

Section dedicated to Richard D. Wyckoff (1873–1934): reading the market through supply and demand, accumulation and distribution phases, «composite man» behaviour.

Menu → Market Cycles → Wyckoff tradition — Path of the volumetric school. Recommended prerequisites in Encyclopedia → Concepts (order book, volume, market cycle). For Hurst use Hurst tradition.

Sources: Wyckoff Analytics / StockCharts, SMI, Pruden (The Three Skills of Top Trading, 2007). Raw: raw/sources/wyckoff/.

Market Cycles — quick comparison

	Hurst	Wyckoff
Focus	Periodicity and cyclic timing	Supply/demand and phases
Hub	Hurst tradition	← you are here
Chart	Envelopes, nominal cycles	Trading range, volume
Path status	✅ Ch. 1–11 + appendices (`stable`)	✅ 28 entries — Rounds 1–4 + 1910/1922 sources (`stable`)

Start here — full Wyckoff path (28 entries)

Recommended order — Follow all 28 steps in sequence (Rounds 1–4 + 1910/1922 primary sources). Each entry has Next / Previous path links.

#	Entry	What you learn
1	Introduction to the Wyckoff method	Method context and goal
2	Composite Man (Wyckoff)	The «composite operator»
3	Three Wyckoff laws	Supply/demand, cause-effect, effort/result
4	Wyckoff tape reading (1910)	Historical root — Studies in Tape Reading
5	How I Trade and Invest (1922)	Operational autobiography — capital, swing, rules
6	Five Wyckoff steps	Five operational steps
7	Relative strength (Wyckoff)	Step 2 — comparison with the market
8	Four-phase price cycle (Wyckoff)	Accumulation → markup → distribution → markdown
9	Trading range (Wyckoff)	Trading range and cause-effect
10	Accumulation — phases A–E (Wyckoff)	Accumulation: phases A–E
11	Preliminary Support (PS)	First demand signs in phase A
12	Selling Climax (SC)	Selling climax — accumulation phase A
13	Automatic Rally (AR)	Automatic rally after SC
14	Secondary Test (ST)	Climax retest — range bounds
15	Spring (Wyckoff)	Spring — support test
16	Sign of Strength (SOS)	Sign of Strength
17	Last Point of Support (LPS)	Last Point of Support
18	Distribution — phases A–E (Wyckoff)	Distribution: phases A–E
19	Preliminary Supply (PSY)	First supply signs in phase A
20	Buying Climax (BC)	Buying climax — distribution phase A
21	UTAD	Upthrust after distribution
22	Sign of Weakness (SOW)	Sign of Weakness
23	Last Point of Supply (LPSY)	Last Point of Supply
24	Point & figure	Cause/effect chart
25	P&F cause count	Minimum target from range
26	Reaccumulation	Stepping stones in markup
27	Redistribution	Reaccumulation mirror
28	Nine buying/selling tests	Step 4 checklist

Profile: Richard D. Wyckoff.

Linked encyclopedia

Hub	Useful entries for Wyckoff
Concepts	Order book Trading Volume Market cycle
Cyclic theory	Composite Man (Wyckoff)Three Wyckoff laws
Glossary	Spring, SOS, LPS
Methodologies	Wyckoff section (techniques)