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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: YourKing who wrote (16439)	6/12/2004 10:38:01 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 207042

NYSE stocks are reported with the close of the last day as the first price of the day. (If the stock isn't ready to open right at 9:30.) Nasdaq stocks open with the new days price being the first price reported. (All of them open at 9:30 ready or not.) Because of the way that stocks open, NYSE stocks show less in the way of "gaps" than you would expect. Blend NYSE and NASDAQ open methods and you get the resulting SPX picture. Less gaps than there should be.