Wyckoff Madness: A guide for the average Joe Table of Contents I. Introduction Definition of the Wyckoff Pattern Brief background on its creator, Richard D. Wyckoff II. Overview of the Wyckoff Pattern Description of the four stages: accumulation, markup, distribution, and markdown Explanation of how these stages repeat in a cyclical manner III. The Accumulation Stage Characteristics of this stage (low volume, narrow price range) Role of professional traders (smart money) in buying up securities Stages of Accumulation Indicators The Golden Rules IV. The Markup Stage Characteristics of this stage (increased volume, widening price range) Involvement of the public in pushing prices higher V. The Distribution Stage Characteristics of this stage (decreased volume, narrowing price range) Professional traders selling positions to the public at higher prices VI. The Markdown Stage Characteristics of this stage (further decreased volume, widening price range) Public panic selling causi...