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 | 1,095 |
| 6 | 970 | 702 |
| 7 | 1,002 | 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.)
b. Is this technical signal bearish or bullish?
-
Bearish
-
Bullish
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An Introduction To Financial Markets A Quantitative Approach
Authors: Paolo Brandimarte
1st Edition
1118014774, 9781118014776
