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To: dennis michael patterson who wrote (50514)	8/23/1998 1:17:00 PM
From: HighTech	Read Replies (2) \| Respond to of 58727

This print basis stuff has me a little confused. Now, my best understanding of print basis is this: If you took the intraday high of every stock in the DJIA and calculated what the DJIA index would have been at those highs, that's the theoretical (print) basis. If my understanding is correct, how in the heck is someone supposed to calculate the "print" read? The theoretical highs would not be known, it seems to me, until the final bell had rung because it only takes just one stock to reach its high at the bell to know all of the highs. Also, what denominator would you use? Seems like an impossible task to calculate it, especially at any given point throughout the day. I guess one could know the "print" high as of a given point in time, but where does one find this information? HiTech