A 5-step method for market analysis and decision making developed by Richard D. Wyckoff in the 1930s. The 5 steps of the method are as follows: 1. Determine the present position and probably future trend of the market. 2. Select stocks in harmony with this trend (ie, if you’re playing a long game, select stocks that are stronger than the market). 3. Select stocks with cause that equals or exceeds minimum objective (ie, choose stocks that are under accumulation or reaccumulation). 4. Determine the stock’s readiness to move. And 5. Time your move with a turn in the market index.