Question
The following table contains data on market advances and declines. Market Advances and Declines Day Advances (in millions) Declines (in millions) 1 914 752 2
The following table contains data on market advances and declines.
| Market Advances and Declines | ||
| Day | Advances (in millions) | Declines (in millions) |
| 1 | 914 | 752 |
| 2 | 661 | 993 |
| 3 | 725 | 797 |
| 4 | 507 | 976 |
| 5 | 505 | 1,097 |
| 6 | 972 | 706 |
| 7 | 1,012 | 603 |
| 8 | 911 | 720 |
| 9 | 858 | 742 |
| 10 | 774 | 774 |
|
| ||
a. Calculate cumulative breadth. (Enter your answers in millions. Negative amounts 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 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
7th Edition
1259919714, 978-1259919718
