CONNECT WITH LEARNSMART FOR BODIE: ESSE
CONNECT WITH LEARNSMART FOR BODIE: ESSE
11th Edition
ISBN: 2819440196239
Author: Bodie
Publisher: MCG
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Chapter 9, Problem 23PS
Summary Introduction

If the volume of trading underlying advancing shares stands to be 1.1 billion shares on day 1, whereas the volume associated with the declining issue stands to be 0.9 billion shares.

To determine:

Whether the TRIN statistics is bearish or bullish

Introduction:

TRIN statistics involve technical analysis of the stock market in the short term. It acts as a trading indicator supported by the advance decline data. A market is considered as bearish when there is downturn of approximately twenty percent of more in different broad index of the market such as S&P 500, DJIA over a period of 2 months.

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