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Which of the following events would a technical analyst interpret as bullish?
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B. a decline in the ratio of specialist's short sales to total short sales
C. an increase in debit balances in brokerage accounts
D. when the proportion of bullish speculators declines to 30 percent
Answer: A
Explanation:
Explanation/Reference:
Explanation:
(1) Decline of specialist's short sale ratio to below 30%;
(2) Increase in debit balance means that investors have to post increasing margin to for more investments; (3) Percentage of bullish stock futures speculators decline (because if market is bullish then speculation is irrelevant) - are all signs that the market may be turning bullish.
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