There were three signs of price artificiality in the egg futures market on June 25, 1968. The first was the daily price variation of the November shell egg future was far larger than the normal pattern. The second, that the spreads between the October and November and the November and December contracts were far wider than normal. The third was when Henner acted and when he did not. For regulators, it was Henner’s focus on marking a particular price—the maximum permitted daily—that was key to motive. This, they argued, was to create a pattern that would signal to chart-watching technical analysts (really, amateur speculators) that a rally was about to happen. It was these patterns that proved the price was artificial, and that artificiality with that intent that showed market manipulation, in the regulators’ analysis.