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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (51497)9/4/1998 1:06:00 AM
From: FJV  Read Replies (2) of 58727
 
Lisa,

Welcome Back.

The intraday low, according to Favors, is a theoretical calculation of the day's low on index. I am not positive, but I believe the calculation is the sum of all bids at the moment the print low is posted. For instance, today's print low on the Dow was 7578.46, which is the low for the day on your quote screen.

He uses the calculated intraday low ostensibly because at the instant of the print low, the price shown reflects the last trade for each stock, which may or may not bear any resemblance to the bid/ask at the time of "print".

It seems pretty esoteric to me, but I suppose I could see the rationale. Sometimes the calculated intraday low can vary 20-30 points from the "print" on the Dow as shown as the daily low by your quote service. Hope this helps.

Franco
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