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The following table contains data on market advances and declines. a. Calculate cumulative breadth. b. Decide whether this technical signal is bullish or bearish. Day

The following table contains data on market advances and declines.

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a. Calculate cumulative breadth.

image text in transcribed

b. Decide whether this technical signal is bullish or bearish.

Day 1 2 3 4 5 Advances 1,011 813 721 743 465 Declines 964 1,006 1,029 1,448 1,095 Day 6 7 8 9 10 O 000 Advances 986 1,162 935 1,090 782 Declines 862 1,089 722 898 766 Day Advances Declines Net Advances Cumulative Breadth 1 1,011 813 wN 4 5 964 1,006 1,029 1,448 1,095 862 1,089 722 898 6 721 743 465 986 1,162 935 1,090 782 7 8 9 10 766

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