General movement in price data that lasts 4 to 4 1/2 years.
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An overarching, long-term trend for a security. Generally, a primary trend refers to a trend over a period of four years or so. A primary trend may be bullish or bearish, and, in market analysis, it takes precedence over opposite, short-term trends that occur periodically. For example, a security may climb 15% in annualized terms from 2000 through 2003; if the security dropped 3% in 2002, this does not change the primary, upward trend.
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The main direction in which security prices are moving. An upward primary trend is a bull market while a downward primary trend is a bear market. See also secondary trend.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.