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The following table contains data on market advances and declines. Market advances and declines Day Advances (in millions) Declines (in millions) 1 908 699 2

The following table contains data on market advances and declines.

Market advances and declines

Day Advances (in millions) Declines (in millions)
1 908 699
2 657 988
3 715 791
4 510 970
5 499 1,040
6 950 710
7 1,004 620
8 905 723
9 852 740
10 768 768

a.

If the trading volume in advancing shares on day 1 was 1.5 billion shares, while the volume in declining issues was 1.2 billion shares, what was the trin statistic for that day? (Do not round intermediate calculations. Round your answer to 4 decimal places.)

Trin statistic

b. Was trin bullish or bearish?
Bearish
Bullish

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