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The following table contains data on market advances and declines. Day 1 2 3 4 5 Advances 1,011 723 721 608 483 Declines 799 991
The following table contains data on market advances and declines. Day 1 2 3 4 5 Advances 1,011 723 721 608 483 Declines 799 991 894 1,178 1,095 Day 6 7 8 9 10 Advances 977 1,072 917 955 773 Declines 772 819 722 888 766 a. Calculate cumulative breadth. (Negative amounts should be indicated by a minus sign.) Day Advances Declines Net Advances Cumulative Breadth 1 2. 2 1,011 723 721 799 991 894 3 4 608 1,178 5 483 1.095 6 772 7 8 977 1,072 917 955 773 819 722 808 766 9 10 b. Decide whether this technical signal is bullish or bearish, Bullish O Bearish
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