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

DAY ADVANCES DECLINES NET ADVANCES CUMULATIVE BREADTH
1 906 704
2 653 986
3 721 789
4 503 968
5 497 1,095
6 970 702
7 1,002 609
8 903 722
9 850 748
10 766 766

a. Calculate cumulative breadth. (Leave no cells blank - be certain to enter "0" wherever required. Negative amounts should be indicated by a minus sign.) b. Decide whether this technical signal is bullish or bearish.

Homework Answers

Answer #1

Requirement (a)- Cumulative Breadth.

Day

Advances (a)

Declines (b)

Net Advances (c) = (a) – (b)

Cumulative

Breadth

1

906

704

202

202

2

653

986

-333

-131

3

721

789

-68

-199

4

503

968

-465

-664

5

497

1,095

-598

-1,262

6

970

702

268

-994

7

1,002

609

393

-601

8

903

722

181

-420

9

850

748

102

-318

10

766

766

0

-318

Requirement (b)

The technical signal is “BEARISH”, because the cumulative breadth has a negative balance at the end of the Day 10.

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