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The following table contains data on market advances and declines. Day 1 2 3 4 5 Advances 966 693 721 563 489 Declines 724 1,006

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The following table contains data on market advances and declines. Day 1 2 3 4 5 Advances 966 693 721 563 489 Declines 724 1,006 849 1,088 1,095 Day 6 7 8 9 10 Advances 974 1,042 911 910 770 Declines 742 729 722 778 766 26 a. Calculate cumulative breadth. (Negative amounts should be indicated by Day Advances Declines Net Advances Cumulative Breadth 1 2 s 3 724 1,006 849 1,088 1,095 742 4 966 693 721 563 489 974 1,042 911 910 770 5 6 7 729 722 8 9 778 10 766 b. Decide whether this technical signal is bullish or bearish

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