BUS218 Solutions-Chapter 9

BUS218 Solutions-Chapter 9 - BUS218 Solutions-Chapter 9 1...

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BUS218 Solutions-Chapter 9 1. TRIN   (# of up stocks/# of down stocks)/(Up volume/Down volume) TRIN Day 1  (350/150)/(850 million/420 million)   2.33/2.02   1.15 TRIN Day 2    (275/225)/(450 million/725 million)   1.22/0.62   1.97 TRIN Day 3    (260/240)/(850 million/420 million)   1.08/2.02   0.53 More stocks rose than fell on all three days. Hence, the numerator is always greater than 1.  On  Day 2, however, the volume of declining issues exceeded the volume of increasing issues,  resulting in a denominator that was less than 1. Higher TRIN values are interpreted as being  bad for the market because even though more stocks rose than fell, the trading volume in the falling stocks was greater. 4. One approach would be to subtract the number of new lows from the number of new highs.  Resulting values are added together, as shown below.
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