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To: ViperChick Secret Agent 006.9 who wrote (51512)	9/4/1998 10:40:00 AM
From: edward miller	Respond to of 58727

I would like to know what Favors is calling the theoretical low for the day. I just checked the WSJ and it shows the low at 7578.46. I've been following stocks for 30 years and that number has always been explained to me as the theoretical low (back in the days when stockbrokers actually provided service). I'm quite sure that the Dow rarely trades at the exact price shown as the low on the quote machine or in the WSJ. I stand by my statement that the print low is NOT the low shown in the WSJ, which is the same as the quote machine low. Now there is an outside possibility, which I doubt, that due to the nature of the selloff yesterday (a sharp spike down, then sharp spike up) at the lows on the Dow, the two could be the same just for yesterday. I'm sure this doesn't help. The only way I could check this out would be to look at 5 minute charts on every Dow stock. I can't do that now. Maybe I could after today because of the weekend - time outside of work - but I have a heavy load of personal stuff to handle this weekend. One favor please - can you get JF's figures for today (Friday) on his theoretical low and his print low and post them to me, or send PM. I will try to sort this out by examining the trading of each Dow component. You see, I can't backtrack on Thursday's figures because I no longer have the quote machine numbers, since we are trading and I do not record these figures myself. Now that I've said all this, I have realized that nothing I have known for years is cast in concrete - there is one other possibility. The calculation of the figures on the quote machines might have been changed, even years ago. If that is the case, I just did not know. To the best of my knowledge, this is not the case. Does anyone still deal with a full service outfit where they could ask for a clarification??