Large Net Advance on Advance-Decline Series in a Rising Market

Technicians' View on Large Net Advance on Advance-Decline Series in a Rising Market

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A large net advance on an advance-decline series in a rising market would be viewed by technicians as

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The large net advance means that considerably more stocks advanced than declined in the series, meaning that the general market rise is broadly based and extends to most of the stocks. This would be viewed as a bullish sign.