Refer to the data from The Wall Street Journal in Figure 9.7.

a. Calculate the trin ratio for NASDAQ. (Do not round intermediate calculations. Round your answer to 4 decimal places.)

b. Is the trin ratio bullish or bearish?

• Bearish

• Bullish

FIGURE 9.7 Market diary Source: The Wall Street Journal Online, May 25, 2017 4:06 PM EDT 5/25/2017 NYSE NYSE MKT Markets Diary Issues Advancing Declining Unchanged Total 1,569 1,423 124 3,116 NASDAQ 1.531 1,324 162 3,017 130 165 34 329 222 64 7 Issues at New 52 Week High 238 New 52 Week Low 42 Share Volume Total 3,537,923,017 Advancing 1,513,206,869 Declining 1.999,419,305 Unchanged 25,296,843 See 4 p.m. Closing Diaries. Volume updates until 8 p.m. 1,777,718,240 92,408,271 1,135,738,916 37.411,984 610,544.842 47,595,937 31,434,482 7,400,350 Get Markets Diary by Email