Technical conditions or a technical market. Technical conditions exist in a stock when the
price is raised by manipulation—by force of buying orders given and executed for the purpose; or
such conditions exist when the price is lowered by manipulation—by force of selling orders given
and executed for the purpose. Also, technical conditions exist in a stock when the price rises in
consequence of enforced covering of short contracts (enforced buying by speculators who had
sold stock which they did not possess) or such conditions exist when the price falls in
consequence of enforced selling of long stock (stock which had been purchased with the intention
of selling at an advanced figure.)  A technical market exists when prices as a whole are raised or
lowered, as the case may be, by manipulation; also a technical market exists when an oversold
condition compels covering of short contracts with a consequent rise in prices or when an
overbought condition compels liquidation or sale of long stocks with a consequent fall in prices.