Ever since I learned to keep my eyes constantly peeled to the Scottrade hod list, I started seeing symbols come across that weren't always at their high of the day. The hod list is so useful that it doesn't matter much about the errors but they do happen more often than one would think. Here is an example- look at HBAN on hod list and on chart:
HBAN "hod" is 6.52 even though it hit 6.88 minutes earlier. You can see the 6.88 price in the High column on the watchlist as well as the chart.
It happens on the lod list too: check out BKUNA
BKUNA on the lod list at 2.41 even though it's nowhere near its low of 2.13.
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3 comments:
Muddy was good friends with the local Scott rep here/they often spent hours trading together in the office....He told him numerous times about that quirk..the funny thing was Scott had/have NO CLUE how powerful their scrolling hod list was and how they had a corner on the market in that regard..they just didn't care...kinda bizzare
figured you guys noticed it- just have to ignore them- I contacted them too and got nowhere
I believe the HOD/LOD list get's behind the actual market in periods of extreme volatility.
If there was a way to put a time stamp on each line we would be able to confirm this theory.
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