Question
The following table contains data on market advances and declines. Market Advances and Declines Day Advances (in millions) Declines (in millions) 1. 910 715 2.
The following table contains data on market advances and declines. Market Advances and Declines Day Advances (in millions) Declines (in millions)
1. 910 715
2. 661 990
3. 723 793
4. 505 972
5. 501 1,096
6. 971 704
7. 1,006 615
8. 907 724
9. 854 736
10. 770 770
a. If the trading volume in advancing shares on day 1 was 1.5 billion shares, while the volume in declining issues was 1.2 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? Bearish Bullish
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