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On 12/16 Craig Nelson wrote:
> I received the response below from Prophet in regards to why Prophet's > INDU cash prices differed from Bloomberg's data. Can you believe the > BS answer I got?!
I'm not sure why you feel this is a BS answer. On Signal, I get TWO
cash values for the DJIA index, one called $INDU and one called $DJ.
The $INDU is the "theoretical" value which shows as the high a value
calculated using the day's high for each individual component stock
without regard to when that individual high occurred. Likewise for the
day's low.
$DJ, on the other hand, is the "actual" - that is, it is the highest
value reached by the instantaneous value calculated continuously during
the day. These corresponding highs ($INDU/$DJ) and lows DO differ
quite significantly.
Carroll Slemaker
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