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Topic: Business
Number of pages / Number of words: 23 / 6408
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Rhea stated that for the successful application of the Dow theory, these assumptions must be accepted without reservation.

Manipulation

The first assumption is: The manipulation of the primary trend is not possible. When large amounts of money are at stake, the temptation to manipulate is bound to be present...


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When large amounts of money are at stake, the temptation to manipulate is bound to be present. Hamilton did not argue against the possibility that speculators, specialists or anyone else involved in the markets could manipulate the prices. He qualified his assumption by asserting that it was not possible to manipulate the primary trend...


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