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To: edward miller who wrote (51508)9/4/1998 10:00:00 AM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 58727
 
<<<This is not a hard concept to understand. I don't know why
there is so much confusion about this on this thread.>>>

Perhaps the reason there is a confusion is because what you say doesnt jive with what Favors is saying...at least to me

so perhaps you can reconcile the two...

<<<<"The theoretical low is the daily low shown at the end of the day
on the quote machine.The only way you can know what the print low for the day has
been is to actually see it on the screen AT THE MOMENT IT OCCURS.">>>>>

the low on my quote machine is 7578.46

this is what Favors called the PRINT low and the theoretical low was not available at the time at around 8 pm....

now perhaps you can explain the CONFUSION between your post and Favors....
Message 5668458



To: edward miller who wrote (51508)9/4/1998 10:18:00 AM
From: HairBall  Respond to of 58727
 
Edward: I think you understand it, but you did not explain it well!

Print Low = Real Time Low reached intra day by an Index. This is used as the traditional low. And, in reverse for the high.

Theoretical Low = 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.

BWDIK
Regards,
LG