Question: PLEASE ONLY ANSWER IF YOU KNOW IT Its forsure BEARISH if that helps! Problem 9-23 The following table contains data on market advances and declines.

PLEASE ONLY ANSWER IF YOU KNOW IT

Its forsure BEARISH if that helps!

Problem 9-23

The following table contains data on market advances and declines.

Market advances and declines
Day Advances (in millions) Declines (in millions)
1 916 708
2 657 1,003
3 719 799
4 514 978
5 507 1,042
6 952 714
7 1,015 611
8 913 730
9 860 738
10 776 776

a.

If the trading volume in advancing shares on day 1 was 2.1 billion shares, while the volume in declining issues was 1.8 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?
Bearish
Bullish

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