Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 06 Apr 2018 My Price 5.00

bullish or bearish

Problem 9-23

 

The following table contains data on market advances and declines.

 

Market advances and declines
Day Advances
(in millions)		 Declines
(in millions)
1 911          706        
2 663          991        
3 735          794        
4 522          973        
5 502          1,021        
6 981          722        
7 1,007          610        
8 908          717        
9 855          741        
10 771          771        
 

 

a.

If the trading volume in advancing shares on day 1 was 1.6 billion shares, while the volume in declining issues was 1.3 billion shares, what was the trin statistic for that day? (Do not round intermediate calculations. Round your answer to 4 decimal places.)

 

  Trin statistic   

 

b. Was trin bullish or bearish?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 06 Apr 2018 06:04 PM My Price 5.00

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