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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Vitas who wrote (8162)	3/14/1999 9:26:00 PM
From: Les H	Read Replies (1) \| Respond to of 99985

Friday March 12 5:13 PM ET Dow Hits 10,000 in Theory Table NEW YORK (AP) - It never actually happened on Wall Street, but some financial tables will show the Dow Jones industrial average cracked the 10,000 barrier on Friday. In its attempt to shatter the five-digit barrier, the Dow got as high as 9,958.77 during early trading Friday, or 41.23 points shy of 10,000. It settled with a loss of 21.09 points at 9,876.35, or 123.65 points below the milestone. But one financial table, based on theoretical calculations and appearing in many newspapers, will show the Dow rising as high as 10,042.58 on Friday. That table dates back to the days before computers made it possible to track every move of all 30 blue-chip stocks that make up the Dow industrials. Instead of listing the day's actual high and low of the Dow, the theoretical table simply takes the high trade and the low trade of the day for each component of average, regardless of when the trades took place, and uses those figures to compute the high and low. Therefore, the theoretical high will almost always be higher than the actual high, and the theoretical low lower than the actual low. That's what happened Friday. Not only was the theoretical high almost 84 points above the actual high, but the theoretical low of 9,779.78 was more than 82 points below the actual low of 9,861.92. The Associated Press provides its members with both the actual and theoretical tables.