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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) 1 906 704 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 | 1,095 |
6 | 970 | 702 |
7 | 1,002 | 609 |
8 | 903 | 722 |
9 | 850 | 748 |
10 | 766 | 766 |
a. If the trading volume in advancing shares on day 1 in the previous problem was 1.1 billion shares, while the volume in declining issues was 0.9 billion shares, what was the trin statistic for that day? (Do not round intermediate calculations. Round your answer to 4 decimal places.)
b. Was trin bullish or bearish?
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Bearish
-
Bullish
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