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Problem 9-22 The following table contains data on market advances and declines. Market advances and declines Day Advances (in millions) Declines (in millions) 1 921
Problem 9-22
| The following table contains data on market advances and declines. |
| Market advances and declines | ||
| Day | Advances (in millions) | Declines (in millions) |
| 1 | 921 | 711 |
| 2 | 704 | 1,028 |
| 3 | 711 | 804 |
| 4 | 505 | 983 |
| 5 | 512 | 1,063 |
| 6 | 963 | 721 |
| 7 | 1,020 | 612 |
| 8 | 918 | 737 |
| 9 | 865 | 753 |
| 10 | 781 | 781 |
| a. | Calculate cumulative breadth. (Enter your answers in millions. Negative amounts should be indicated by a minus sign.) |
| Day | Cumulative Breadth (in millions) |
| 1 | |
| 2 | |
| 3 | |
| 4 | |
| 5 | |
| 6 | |
| 7 | |
| 8 | |
| 9 | |
| 10 | |
| b. | Whether this technical signal is bullish or bearish. | ||||
|
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Financial Valuation
Authors: James R. Hitchner
4th Edition
1119286603, 978-1119286608
