Question
The following table contains data on market advances and declines. Market Advances and Declines Day Advances (in millions) Declines (in millions) 1 906 704 2
The following table contains data on market advances and declines.
| Market Advances and Declines | ||
| Day | Advances (in millions) | Declines (in millions) |
| 1 | 906 | 704 |
| 2 | 653 | 986 |
| 3 | 721 | 789 |
| 4 | 503 | 968 |
| 5 | 497 | 1095 |
| 6 | 970 | 702 |
| 7 | 1002 | 609 |
| 8 | 903 | 722 |
| 9 | 850 | 748 |
| 10 | 766 | 766 |
|
| ||
a. Calculate cumulative breadth. (Enter your answers in millions. Negative values should be indicated by a minus sign.)
| Day | Cumulative Breadth (in millions) |
| 1 | |
| 2 | |
| 3 | |
| 4 | |
| 5 | |
| 6 | |
| 7 | |
| 8 | |
| 9 | |
| 10 | |
|
| |
b. Is this technical signal bearish or bullish?
| Bearish | |
| Bullish |
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Technology And Finance Challenges For Financial Markets Business Strategies And Policy Makers
Authors: Morten Balling, Frank Lierman, Andy Mullineux
1st Edition
041529827X, 978-0415298278
