Theoretical Low and Actual Low, Update!
This is an excerpt from the Jerry Favors update for Sept 2, 1998 8pm. No wonder there was confusion regarding "Print" and Theoretical", He gets it mixed up in his updated.!
Today's print low was 7767.44 but the Trendline is actually based on the intraday or so called "theoretical" highs and lows. Today's theoretical low is not available as of this writing.
He gives the print low number, while waiting for the theoretical numbers to come out. But he does get mixed up when he refers "Trendline is actually based on the intraday or so called "theoretical", then he goes on to say "Today's theoretical low is not available as of this writing."
So what he is referring to as the Print low can not be the same as the Theoretical low, because he gives a number for the Print low, while waiting for the Theoretical low. I conclude he infers the Print low is the intraday low.
The following is a paraphrase of what Dow Jones Customer Service told me over the phone. In the following reprint, I took out the reference to the Print Low, because the Dow Jones folks don't call "either" the Print Low and I decided not to put words in the horses mouth!
Theoretical Low (IND.I) = Computation at the end of day, of the lows of each stock in an Index regardless of when they were reached intra day. The reverse is true for the theoretical high. This is the one most of us download for end of day numbers and you usually have to wait awhile after the close to get these accurately.
Actual Low (DJI.I) = Real Time Low reached intra day by an Index. The reverse is true for the actual high.
Please note: I used the Dow Jones Industrials as an example and the symbols above are the ones Dow Jones uses with its own data service.
BWDIK
Regards,
LG
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