Question

The following table contains data on market advances and declines. Day Advances Declines Day Advances Declines...

The following table contains data on market advances and declines.

Day Advances Declines Day Advances Declines
1 1,071 1,044 6 990 902
2 853 1,000 7 1,202 1,209
3 721 1,089 8 943 722
4 803 1,568 9 1,150 938
5 457 1,095 10 786 766

a. Calculate cumulative breadth. (Negative amounts should be indicated by a minus sign.)

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

  • Bullish

  • Bearish

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