SHOW STEPS FOR PART A!!

b. Decide whether this technical signal is bullish or bearish. Explain.

The following table contains data on market advances and declines. Day Advances Declines Day Advances Declines 982 1 1,011 884 822 773 986 1,122 969 721 969 927 722 683 1,328 1,030 858 5 473 1,095 10 778 766 a. Calculate cumulative breadth. (Negative amounts should be indicated by a minus sign.) Day Advances Declines Net Advances Cumulative Breadth 1 1,011 884 2 773 986 3 721 969 4 683 1,328 5 473 1,095 6 982 822 7 1,122 969 8 927 722 1,030 858 10 778 766 SIA WNTO 2 3 4 467890