
Technical | Analysis page 106 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf
Chapter 6 Dow Theory 77 The first of these hypotheses dealt with the notion of manipulation. Although Rhea believed that the secondary and the minor, day-to-day motion of the stock market averages could possibly be manipulated, he claimed that the primary trend is inviolate. The second hypothesis,…