Quotations by Robert Rhea

Dow Theory covered trends extensively, breaking them down into three categories. The first is the primary trend, which lasts from a few months to many years and represents the dominant market direction. The secondary trend is a price movement that can last from a few weeks to a few months and is defined as a corrective stage for a market. Daily fluctuations, or the short-term trend, last from a few hours to a few days--rarely longer than a week--and represent very short-term reactions and corrections that often are brought about by fundamental developments or scheduled news releases. [1932] - Robert Rhea

The primary trend cannot be manipulated. Major markets are too big to be controlled by anything other than the true underlying structure of supply and demand over the long term. [1932] - Robert Rhea

A higher low in a downtrend followed by a higher high confirms a trend change or reversal. [1932] - Robert Rhea