Divergence Between Stock Market and Cumulative Advance-Decline Series

Divergence Between Stock Market and Cumulative Advance-Decline Series

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Question

The divergence between the trend for the stock market series and the cumulative advance-decline series signals a market ________.

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A

The usefulness of the advance-decline series is supposedly greatest at market peaks and troughs. The divergence between the trend for the stock market series and the cumulative advance-decline series signals a market peak.