Forex - Analiza techniczna - Piotr Surdel full

  

                    !  "#$ %&!   '$ (() *  + "#$  ! +  $ ,(-( 

                                      !  "     "  # $      "      %    "    "  &  $  ' 

. / 0 1  2  0       * ( 3$ 45 6 7 8  +0+ 9 8 $ 2  : ; < <:=$ ),)(%  ,

2  $ >  '  ' $ 8 ? 

                                      !  "     "  # $      "      %    "    "  &  $  ' 

<  ;+   @ 8A/B" +  2  *  C( %!

! 2 D

;;;$    E8
*+%* ,-./0% &*,1+ C -2$3$%(4 % 52-.6 & %,.-.0%. D ! 88F<H AH'I- 'JE38AE < AE'JE*8/>E ) !! 8  25K3+ " ) ! : 56  ( !, 5 6 <L  ! ! 30 5+ ! !  5 6 *+  !  :H?8MH ! ! 8 <L " <+ !!  : F16 ! , /" 5 6 !,  5 6 BN !, , :EA;<:H <5JA8/H>E !, -2$3$%(4 %% &*7(8%7% ((9%$: ,.0;%0$.< EL ! OAE*
  L 8L / L+C*L+ Q8/*R

S @UC S @U @+0 +0 "+0 ,% , ; V   T QA:
!

! / ""  /0 <6 Q//< ! 8  1 "+-  +      +   +0 +  

(

-2$3$%(4 %%% &*,1+ 32 ,.2-%% ;(392&:0; CG ! 3EJA<8 *J;W8 %,  3EJA<8 58F EFF
   1 E  & , F
&,

,! F+  5 ++  3  5 E  & , '    &%  ;%( %&.*,:0:<2?;(392&( FL

)

! 'J38 8AX*8E )  8F<2E: <NE:3E3 </ )& ! J1 1" 8 )) !! 2  < Q8  JB8*FJ;8 (!  8'M8*8-(5%( II *+%* %9@*,-(0<% EMM

5  ? (  !  B 2  :

&*,1+  "- S + @+ T U Z + T@U +  @T+      "   5JAEK :  + +   T + - S  1+ S + @ + @     ;  T    + T@+   @+ T- +    5 6     U T  1 "    *  @+ T-  @U  -  + U   "     +-  @+   TU  "# S+0  " +1+ " " " + ;+ S- +  Z 1 "+   "" + T@+"  1+   U 3 S + /   + T  + T@+[ 2 + +    Z  T +0+ Z-  +  "     V# :" T #S   +0 0 +0 +0    +0 " +0 ;  + T@+ "@+" #S  Z    Z++0        "+ -  #S  

" " C  S   "   +0   ;   + T@+   @+ T-  

U    " +Z @  -   "#  +        " +   1 "+    +    T    +0+ - S  @ +  @+ T   Z 8  +0+  "     

Z   Z  #- # +    "# *     

 "

 Z

"T

 +  ""+ +0

 V#

  Z++0 +T  Z++0     S  

+   V#   +0+     0 +0   

+- + " ""  T-   + T " $R

/ 0  8A/B" +- ;+   @ \ 2  :

# C

5  ? (  !  B 2  :

-2$3$%(4 % 52-.6 & %,.-.0%. A     @T+ 

   " 

" -  "+ "   "  "  + Z+" 5 6 ; <+ " S VU Q#S  T    "R   # 1Z++0  "   Z      "+" -    +  U   U A +  - #  T ++ "      - S " "   "+T +"- " + T    @U #S 

 7  + T@+    Z +  Z "      "+ S    U  "- " Z+  T   0  " " :    S  +   Z " -  #S   ++0Z T +

Z   @+Z ?Z  + T   "+   "

   Z+



 

1 



+0

 "#

+0+  ""+ +0 >  "

  " Z +

 " T" ; "TU- S    + T@+     0 +   "+0 / T  T  - S    +  @U #  + Z  2"T+- S Z - #

#+Z-  Z    "-    -  " S"  @U    Z+  +0 #

/ 0  8A/B" +- ;+   @ \ 2  :

# D

5  ? (  !  B 2  :

E# (      # <             > Z " -  - +     Z   # +$ Z T   U      "   8 -      "+     Z-  -  " +0       Z Z 

   @U   Z +T 8    +  "Z @

ZT+  +0  +0  Z     " +0  "+0    Z++0 +   -  T 1 Z    " +  E#E# (  +56,#  >" #+0  SD       "#  +       - S 1 "Z T   " ++0-   +0 +

 " T     @+   @" T+ T U S +    Z+    +0   - "  # "  #  "   S  $ 0$CC16+ "C C+0]   ^    

Z T # 0   "+-    S      "

    +  Z+   " +0  "   :Z  S+ - S Z        T"   $    7 "      "    7 @      "    7   " 

  

^

8   ZU    +     + 7   D     " 

/ 0  8A/B" +- ;+   @ \ 2  :

# F

5  ? (  !  B 2  :

<"   "     - " T   " T  "     +" :  25K3+ " Z      "+       +   >      "- S Z  T   "- #     @  Z  @U     +0 : 25K3  #S    " +    " 8S  "#+    U  S  S T   U 7 # +  " - T+    + E#G# *  5H : 

0$CC16 + "



   

" +



S

 + ZZ+    " 3        "  +          #  +0    Q  4"9R-   +  Q/0 R     Q_  R ;   4E+ 9  +  ++0 #    @     V#   +0+          / T@U

+0  V#

       + T@+   T"    Z T  #S   1"   +0- S  @U # 

 " @+ 'S-   T     +   + -     U Z  T   +0   +0- S + T  T    3 

 +0  T + +0    "+

/ 0  8A/B" +- ;+   @ \ 2  :

# I

5  ? (  !  B 2  :

E#J# 5 H %) " :  0$CC1 6L + "C 0"  #S +  5 6  Z T     T   -   #     E#K# ,! 5   0$CC01+ + "     @T+  # "+   S 1 "+  " #S+0 # 1 +0

  "#  S+        

 U E#L# 5 H 3   :    " 0$CC1 6+ C   "

#  @#     @T+ +0   #S+0 #-  " 5 6 3 

    Z+    + Z  D G# *" :    S  +  -        +   +    " " S @+    S   

@ " +   :  Z + T        +0  +0 "+0        S : C  S  + T@+    5+ Z      " 7 +0 + Z 

#S

/ 0  8A/B" +- ;+   @ \ 2  :

# EM

5  ? (  !  B 2  :

G#E# (  %) %# >    Z  +

 +0 1"- # #+  Z  "

  

 Z 

 

0 -

 + 

#S

 +0  +      "  " C  S J  +0  Z +0  T+  1" " S VU    D+  + T@+ ; " " +  "  +0  "- +   # Z  #S Z    +0 +0 J#S  0Z++0  1 " 8   + @U  C "+    +         - #   ""  S +0   +0 +   T    %  #- +     " +ZS 

 +" : Z   ,      S #+0  - +     Q       )$R "D  Q     

!$R



 +

Q  

# +R

:

ZZ

  TZ+  # $ EIAI:* Q!!&&,R A   L  L !!& 3   !!), C  !!)%) B L        + !!&,&C!!& 1  0 6 " L :  $ !!&

!!&,&!!&!!%%

A  + $ !!&((!!), C!!)%)!!(,  + $ = 0 A+ "" $ =  !!&,&-    !!%(-  !!)% :Z   U  T   "- + ""  -  S T  "Z

  - Z            " @+ T     S  + @+     : " S #S U   "  " "  + ! ` " T+  /    Z 1[  +#S  +    U- S 1" +         D+

/ 0  8A/B" +- ;+   @ \ 2  :

# EE

5  ? (  !  B 2  :

,  " ,%(   8  " S  U #    #  -         G#G# *" 9"NH : 0$CC16+ "C 1        TU     :  +0  Z +    +   +  2    Z $ EIACI:* =IH 83 !!! E6  L !)% E6   1 !! :EFF 83 !!) E6  L !!&& E6   1 !!!) J +   - S    Q +  + R

  -   Z   " !!!  2 +T   S     "U "      " !)%  "  1    " !!  :"  S Q +  + #R T  ZT+  

   " !!) 2    + "     U    " !!&&-  "  1 !!!) : F3? 5K  2     T       0$CC 16"+ "  + ))  Q+ N83R     " Z+  &,   S  T " Z+ :  Z     "  1    #

 +0  F3? 5K

/ 0  8A/B" +- ;+   @ \ 2  :

# EG

5  ? (  !  B 2  :

G#J# 0 5 H 5"       Z+   "+0 + +0 5"  " S T  +0U S"  " @# #S+0    + " S +0       D          + -      +0 "  + - + Z T +"  Z Z :  T  0$CC+"1 6+ "C Z  +      +     +   Z+ - " S   U    /" 5 6  Z  +     16 G#K# 5 H ';= :  T    " 0$CC1 6"0L+ "C >  "     "     1   +0U T " ZT+" : " *" K%  +- #Z     U  + "  "    U : " +        +0  

 +0  "   " + +  "T+  + TZ+ "    "  1# J# *  N  ?#   1 "+  2  +   "     J   S  Z SZ  @U 1 "+  " #  +0  TS    " @+ :Z     @T+  1 "  8  

/ 0  8A/B" +- ;+   @ \ 2  :

# EJ

5  ? (  !  B 2  :

?# +    1 "+  $  0$CC" ++ "C  0$CC 

" + "C  0$CC + "C1+0"  0$CC1+0

+ "C   S +0  #     S    +  +  SZ+   1"   @U  D " Z++0 "U   @  +0  #  +0 D -    +0 +Z +  # -    

S- + +  Z  T  U Z 8+    +  # 5 6     #S    

/ 0  8A/B" +- ;+   @ \ 2  :

# EK

5  ? (  !  B 2  :

-2$3$%(4 %% &*7(8%7% ((9%$: ,.0;%0$.< >  S T  "@+-  V   +0+   +       

  *  "    +  Z+     "  +    +  " 2      " 

Z @       "  1 "   3 "  "  " " S @U    

+0 +0  @ +0  @  1 "       #    ;     T  "+ -  "   "  # -   +0+"- S   "       : #  T "   U  V"   +0+  ; V   Z  @   - ZV S   Z  #  +0  1 "    Z       +  +# " + " +   J   Z+

  Z  V   Z  "   +0+  7  +0

     + + T@+ + 'S  V   +0+    1      S- +  @    -  +T+     T"   +    V- #   Z         " +   +0 + +0              V "   3 +    +   @+-  

+ +

 T" 7            V Z 1  +

 V " S   U   $  ; V  7 + "  +0    @ Q"+ + - S R-  V    T =  +  2 + :   AL  Q:8AR ^  - #+0  Z     @    +       :" Z+" ^

  ZZ  V  "+

+  T    +  Z   +     " - S  

Z 

 +  -    T  "   U +0 +   T+  / 0  8A/B" +- ;+   @ \ 2  :

# EL

5  ? (  !  B 2  :

   S Z   +  +0 +   +T+   V#  Z   " + " ;T

@U  @+0  +0  +0 +0 +0  T   " #V"     +  -   T  + Z     1   +   ZSZ++0  "  J +  7 Z   V- #   Z  +Z+    +    " +     " + " Q J +   +0 + - 8/*- A:<  R^ Z T 

 +   +0 ++0  0Z++0     +   -  S  Z     @      5 6  V   +0+  S Z Z  + T   'S  "   T "  " "   S+  @  V 2  + T "   + + T@+   + 

      "   +0+ 

/ 0  8A/B" +- ;+   @ \ 2  :

# EC

5  ? (  !  B 2  :

E# /   O   ?T +0  V#  Z     " @ 2 S

Z T    TZ++0 @+0$  2  @ +0 " Q:8R  ;+  @ +0 " QE8R  ;S  @ +0 " Q;8R  3#   @ +0 " Q38R 2 S  @ Z S       V#   +0+  :"   #S  Z "    V 

S   "+0   +0+  <  V      #S + T  Z    @ +0 @+0 J#+  S +0 

    TZ+$  '  @+0 +0 "+0  ; T =   2 + :8A  F   'S  V   +0+   T  U 

"- T+ "         "    # T  2 +  " [ ;

  Z T     "# + +0- +0  8"   +    +-     " S @U   T+     V#     +0 +  @+   +0 +0 ;T+   "  + T@+  +

/ 0  8A/B" +- ;+   @ \ 2  :

# ED

5  ? (  !  B 2  :

E#E# +    !  P*'(Q O -  +   "+  @ @   @+

+ #     +0 "Z   + Z+Z- S  "T   +0 + #   Z Z+   

-      T 2  @ +0 " S T 

"$

 $    @U  # #+0 + " @Z /8  +  ; S @+     - " S  U + + "T+- S   S  +    @ +0 + 3     @+0 ;   +  Z+

   +  "Z  " +  <"  @U  # +  + #  " T Z"     @   T " #V"   "   2     + #-     

    @ +0 "   "+  " @   S"

#V" <+   @  + Z+   #   

 " + "- #

 +

  S"  "-   +   +  @-     S   >@   +  Z @ Z+   -      - @  +   + Z Z+  #-       S

/ 0  8A/B" +- ;+   @ \ 2  :

# EF

5  ? (  !  B 2  :              

              <" @ +

   "  +   #- "  T  S  - T+  T+ # O      +



,  #-       - T+      ,   - S 

+ ZU @U  Z @ O +

  +  T  Z  "   +  - S T       T ;    " +  #  @ +  T+0 #- +  +0-  #+0     T-   + +"   +- #Z   " +Z +0 # @" F+ T 1 +0 # " S" + U- + " +    + T@+

/ 0  8A/B" +- ;+   @ \ 2  :

# EI

5  ? (  !  B 2  :

E#G &    !  P.'(Q 3 @  + Z+  T    + - #+0   +

 3 #S  "  - # +0+" + U @Z-  @    ""    , + #  @Z + "   

+ - # Z   @ Q  !  + R- "Z    Z * T T    T   T  

    

+  @  + Z+$

 $ 0(  +  ; S @+     " S  U + + "T+- S   S  +    @ +0 +   +   # #+0 + " @Z .'(!  @U    @ 2  + +  @  + Z+ T Z T "Z     + - + T  T @U +  "+ 

"  

/ 0  8A/B" +- ;+   @ \ 2  :

# GM

5  ? (  !  B 2  :        !"#$   

       !"#$    <+ +  @  + Z+    "       @ +0 " E8  :8 #SZ T "T  Z "Z "   E8   +- S @S  +  Z    @    -  +   :8    Z  S" +   #+0   +

- Z "Z T

/ 0  8A/B" +- ;+   @ \ 2  :

# GE

5  ? (  !  B 2  :

E#J# &    !  P&'(Q O S  " S SZ  @U      Z T @S  +  "Z T  +  QTR-     "  ;  +    #S+   S   @+ + # S+0  + @ 2 S      +  @ S  T+  # Q+ "T+ EIACI:*   R /          .@-R@*3    * D

;

,!!( ,!!! ,!!!! ,!!! ,!!!, :"

!  ,  !

/ ^ ^ ^ ^ ^

!!) !! !) !!%, !!&, !!&) )!

S  a a a a a

!!) ,,% ,)( %() )( !& ,

O

C ! a !!%)%%&

;  S    U- S +   !,!!  " T Z T-  +  (!! " Z     +  " T 

+  7

  T  S  

/ 0  8A/B" +- ;+   @ \ 2  :

# GG

5  ? (  !  B 2  :  % &      

 % &       ;   @  T  "  ;   @ S   Z     +T++0   +   Z @-  "       @ +0 "  +  @ +0 " E#K# ,     !  P,'(Q 3#   @  + Z+   T Z T  @   

  3       

 Q@ R   @  + Z+ Q:8R

/ 0  8A/B" +- ;+   @ \ 2  :

# GJ

5  ? (  !  B 2  :

J +  T Z   TZ+  # $ 2  +  @ #     # !

* " !  +   # Q  "" !R



* "  @U   Z  + !      Z"  #T   S  +  Q!Ca!- b!!R

,

J + "  Z @Z  + Z+Z  @+  #  "+0    " +- Q+  !!  #R



J + "

 Z

@Z

 + Z+Z



@+0

 + Z++0

 "+0    " +  ' ()*      

 ' ()*      

/ 0  8A/B" +- ;+   @ \ 2  :

# GK

5  ? (  !  B 2  :

E#L# -       : # +  @+0  + Z++0 " +Z+   +0 Z    3 @ " T @U- Z   

" +0  Z+    + )&    %,    ) !-.-/0

 + )&    %,    ) !-.-/0 > U    #S   +  @   Z +  " S #S+  +0 Z -  +  "         Z  + +0 " ++0 A  S T  @ "   + T@+  T +0  #S+0  +0 Q 3  * W  SR

/ 0  8A/B" +- ;+   @ \ 2  :

# GL

5  ? (  !  B 2  :

E#C# 7   ! ; V      #+0   Z++0   @+0 F  Z      Z  @U Q$ !c  #T   #R  +   Z      Q TR "Z+  +   "T  " @+0 2  T+ @+0   U " T - " T 

" @U   :    -   +  # T

Z @ S  Z  @U-  "    S     # T Z @  S

 Z  @U  1 2          34 .5 6

 1 2          34 .5 6

/ 0  8A/B" +- ;+   @ \ 2  :

# GC

5  ? (  !  B 2  :

 #S+0   +0 +  +0     U #S  

 @+0- S  " @+     S     +   -  #"  " "   Q +    R E#D# &" A  " ; T =   +    @+0 F @  Z

  Z  @U- +  @U  S Z  " " + ; @U   +0    "  @U  

+0 + <" +   "  +0  - "  =    Z T    +    7 8 499        !-.-/0

 7 8 499        !-.-/0

/ 0  8A/B" +- ;+   @ \ 2  :

# GD

5  ? (  !  B 2  :

; # S   =     TZ+$

; # S   =     TZ+$

J + $ * 7  @U  +0 +0D- #   T     :8 7   @  + Z+  Z+ T @  Z  7 +   #- #+0 + "  TT =  <+  T "   #$  ;   @+       T =  S T   U      ;@+    TT   T+ "  S-    S    "   >S +  " T   S  +     -  - S  T      * @U   +0   #S  - S      +  #  +"  T = -    V 

"  +  #V   <"  T TS - " T     D  "+   + +

/ 0  8A/B" +- ;+   @ \ 2  :

# GF

5  ? (  !  B 2  :

>   #  V-  T =     "  "  ""  +" 7 S SU   " "  V" ZV " E#F# +   *(; V  +    ; W ; S   +  # @+  @+  + :8A +  :  8 AL - +         #+ ; V   T   +        " + "  S @+   '    "   Z    -  +       "   S  2 @+  @+  +  Z  " +    2 + :8A          L+ L  : "T+  +  Q +  + #R     " "+  @+   2 + :8A      -  "   "T+  + # Q +  + R     " "+  @+      + 

/ 0  8A/B" +- ;+   @ \ 2  :

# GI

5  ? (  !  B 2  :  : ;9 /#    8 *

 : ;9 /#    8 * ; V  S   +    "#       +0       D  V * +    "  -  V  S +0    +       S  +-  

@U #   "   T +  J +    V    U  " - + + T         "+ +0  # "+ +0  "+0 0 +0-      V ;  ; 8S   U  # +   V 2 + :8A TZ "      TZ+ "$

/ 0  8A/B" +- ;+   @ \ 2  :

# JM

5  ? (  !  B 2  :

    7    S  +        +     + - Q  2 + :8A   T    "R  S    +    + #- Q  :8A   T    " + "R    7             " S   S   @U- #

 ZT  +      + 2  "T+  +  +1+    #    ""     7  @U  +    +  + T  # c  T    U c  S"  "-      "

 ZT  ""   +   c 8  + U  V 2 + :8A$ 2 +        +- Q " "+ +  +R  @U  V   #   +1+ "     + *  T    @U  V + "   TZ+  #  A#S+T "T  "  ""   @+Z :8A   

  Q "      R "S"   +      >S  +   -   "        @+ :8A- @ +0    +T #Z-  ""        @+ :8A 2  " Z +  @U  S  T   T Z+ +   @   S"  "-      "

 ZT 2 +

 #+ -  + # T

 @+Z  V / 0  8A/B" +- ;+   @ \ 2  :

# JE

5  ? (  !  B 2  :

S "TU- S 2 + :8A      T +   +Z #+0  # Q " ""     """  R >@  T - 2 + :8A  "  @+ " ""   + #  """   +   +   T   G# 2  J +   Z  Z T  V# :    S Z  +       +0      + -   +T+ "  "     S @+ "T   " + -   " + " Q +R 2 S

    TZ+ + $  J +   +0 +         S @UCA S @U @+0  + Z++0 Q8/*R  J +  +   ; V   T QA:
/ 0  8A/B" +- ;+   @ \ 2  :

# JG

5  ? (  !  B 2  :

G#E# 2   !    J +   +0 +      "+ +0  V#  T @"+  0   # " +0 +0- +0 +S   #S   " +0  ++0 J +   +0 +     T #+0   +0 c'  c* J@ T   TZ+" 

"$

 $ 0 7 + "T+    '  9S 7 "" + QFR   # 'H P;SQ 7 " " + QBR   # .'(PT7SQ 7 +  @  + Z+  + #  c' J +   +0 +     T #S #+0 $  c*  +

   S-    Z+  Z @Z  + Z+Z  c* Q " " L LR > S +   +0 +     

 + 



 -

 

+

"

+ -

 "

   " +  T +   +0 +   

/ 0  8A/B" +- ;+   @ \ 2  :

# JJ

5  ? (  !  B 2  :  < =9 / 9

 < =9 / 9 ; V  +  T SZ   @+Z   + "+0 +0S    +   +    T "Z + T  # >      

"+ "  V" 7   0 U   +0- + + T +0 "+0   ; +   +0 +   "  @+ "T    ! 2 + Z  +   +0 +   S   S#     "D   ? W / FW       +0+       " +     +   5 6 2 



QA 

!R

@Z

  "

 

  7   #     " -      ?  +   +0 +    T  #"@

+0 #  @  +0  -  " S  U Z +T   C  S- S      @+ + #   " U  @ " + "    " +Z   V " S +0  Z+  +0  Z+  +     " / 0  8A/B" +- ;+   @ \ 2  :

# JK

5  ? (  !  B 2  :

 "   U 

   ;"   @    " "        " 4    9- #  "  -   #"   "-   U  "  T  S "  # *  # +  +   +0 +      +TU  #+0   +0   + +   Z++0    +   T"   *+     T- @  +   @-  "   +   +0 +  Q + # @+  c*R  " "" +    Z+ T     ?  +           +0 - #+0     S 

  - " S" "#U +   QV R 2 +T+    c*   T c*  # T   "   "  S *+ 0    T- @  +    "   +  Q + # @+  c*R  @   Z+        +0 - #+0     S S  2 +T+    c*      T c* T    + "  J   S    " S  Z Z+ U-        +     +T+-  U @+    C     +  +

/ 0  8A/B" +- ;+   @ \ 2  :

# JL

5  ? (  !  B 2  :

G#G# ' ) " ()" 0 )"R3 )" P'(03Q   R     ! ! ! ; V 

 +    ? 8 >     V S      +0 +0 D   2  S  + % !,   +0 +  +0    #  @+ +0- +    V#  #  @+ +0

   #S       5 6 ; V  T

#+0 + +0 @+0  + Z++0- +Z++0  #    

 0  "  Z+ #S+ "T  "  S " @" ;

#S  +   +0 +   V 8/*    + 0D 2  -    Z Z 8/*   #S+T "T  #    " Z @Z  + Z+Z + + T@+ Z  @ +  !- !,  %  #- +   "     " S"  ZU   -  Z     *    Z  Z  Z   + Z @Z  + Z+Z    8/* ; V       S   TZ+  # $  :   T -     8/*  +    T Z-   Z T  S    :   "  - " S   +T+  Z Q"      #R  :  S   T  " "+-     8/*   Z  #-  +    Z T  S 

  <"     - "      Q"       "       V"R

/ 0  8A/B" +- ;+   @ \ 2  :

# JC

5  ? (  !  B 2  :

B  " 8/*    #S+T "T  Z  Z   Z B  "     S + " Z++0  U T "T    "

 

+  -



  "

8/*

*+

0  " 8/* " Z

U      "    "  +- #       "  V"- " S +U 

+   ;T+ ++0  + T@+  +  ,  > "#?0

 ,  > "#?0

/ 0  8A/B" +- ;+   @ \ 2  :

# JD

5  ? (  !  B 2  :

G#J# &O    " P-*%Q ; V   T QAL :0 <6R   

 "  V" > #+Z   ; ; A:<

    

    !(&)    "  / ""  QJ + 5 R^ A:<    ZSZ+"  +Z + "-  "Z+"  @+    ! 2 Z " Z +   V     +-  #       " ""  """-  +    A:<  +0    S   S       "" *+  " S @+ U "   >@ A:<  +   S         @  S       +0 - " +    

    <   +  V A:<- Z T 

+   "#  @+- #  A:< Z  " " "+

^

*     V  T #S   ZS+ ;  ;   " 4 / + 

3+0+ 3 : " 9 / 0  8A/B" +- ;+   @ \ 2  :

# JF

5  ? (  !  B 2  :   /@      8 9 +,A       *

  /@      8 9 +,A       * J#+   "+0 +- #+0 T+   T + T@+ "    S    +  A:< " Z U  TZ+ +$  ; +   + T c Z+    Q  R 

 # Q   SR  ; +  +0         "      &c  )c Q  R 

  ,c  c Q   R

/ 0  8A/B" +- ;+   @ \ 2  :

# JI

5  ? (  !  B 2  :

  " @+ +        " S U "  "T+  +-  "  " "  @+

 " S U " +    + ; V   T + "   TZ+  # $ J + "    " " +

J ""    #  # " + >S + Z+  S 

"  ""  "-   ""  I@"    #   " +Z @  + Z+$

/  "  @ S T +  @  + Z+ QE8R

"    @  + Z+ Q:8R ;  S   # + @" @Z "T +     "    +0 ; V A:< + "   TZ+ 

$

/ 0  8A/B" +- ;+   @ \ 2  :

# KM

5  ? (  !  B 2  :

G#K# '  ; V  "" S +0 "+0  #D- +  V AJ/+ +   

  "  V"  "" S  #

+Z     #-  @ Z    + Z  @U "Z  -   " " +     V A 1 /0 QAJ/R- +

  #+  J    V  ZSZ  +Z >@ +  @     AJ/   ""  Z #S- S      +0  V# Z S <"   "+   T  "  +- " T  +  V#    > "    

   > "    

/ 0  8A/B" +- ;+   @ \ 2  :

# KE

5  ? (  !  B 2  :

; V  ""    V"     ; S @+  " @+ Q       AJ/R  "       "" +  "  T #+0  Q  R 7     @  + Z+ + # ; "   " S SU   V   "  #   V 8/* <+  V  ""  +T S +0  S +0 # +   T"  + @ +0  @+ >S  V Z    ""  " - S + U     " - # " S  + U   V  "  - "Z+   T  "Z+ T  8S       U   V  ""  @"      @+ +U   " +Z +0  V#- +    T        "-  "- +  S   T     + >@ ""  +  "-   "   T   - # 

Z     "  >S          "-  "  T  #+    V  ""  #T   S   -  "  @ ""  +  "  "- "  S T 

#+  #    V     S    >@ ""  +  " + "-  " "  U   "      Z+  +   "  +   :"  T   +-  #   V      Z+   #T :"  S T  @+  

      +0  #

/ 0  8A/B" +- ;+   @ \ 2  :

# KG

5  ? (  !  B 2  :

; V  "" +  T    

$

 $ 0( 7  + "T+ 0+ 7 + "T+     # G#L# - N 0!" P-20Q ; V    #S+T "T  +Z +Z-  +Z   #  +  A#S+  " S U @  +0    ++0 ;   5 6 + T  T  - S  V +  #  !

"   -  Z+  S  -  +   "  "  S >       +0  V#   +0+  ; V    ++  +0 1  +- Z+  "+0   # 0Z++0 >    V Z+     +  

" +- 7 @ +  @  AJ/  @ #S-  @ +  AJ/ #S 

/ 0  8A/B" +- ;+   @ \ 2  :

# KJ

5  ? (  !  B 2  :  %  > =?   

 %  > =?    <" T  " +- " T  +  V *  V AJ/ @ T #      Q    +  R    +T+    V Z  Q!R    #    +0   +0 2       +0  V+0-  +T+         -  "   +T+  #-     S J      S  U  T"   +0 +0 D       2 +0    T" " @+   Q +   +0 +0 D  V   # +0  " + "R- S  T U -     +0  V#  1 " "    

/ 0  8A/B" +- ;+   @ \ 2  :

# KK

5  ? (  !  B 2  :

   V + "  

$

 $ 0( 7 +  0 7 /     # ;    

  ""    ++0 8S 

 "U       "    ! S    U ! G#C# $   0!   P0!  V =   Q " @U /0   V  #Z+ #S+ "T    "" " ""  """  +0  +0 2 +       V + /0  S- S #S +   ++0 #S " @U + <         +0  "#       S 

" @U  Z   + " 0Z++0-  "      +    ++0   " @U + S  " @U " S  U  +T -  "          ""   + Z "  2 /0 S- S     U +0 +    "  V +    @  + Z+  #   Z  +0 Q  + @  + Z+R    D   

+0  V#

/ 0  8A/B" +- ;+   @ \ 2  :

# KL

5  ? (  !  B 2  :  '  >   ? B

 '  >   ? B :       SZ+ T       ""

 "  ; V " @+ /0 +  T   TZ+  # $ J + " @Z + Z #S+ "T  B0  F   

 +0 Q/0 + !  #R$

/ 0  8A/B" +- ;+   @ \ 2  :

# KC

5  ? (  !  B 2  :

 $ ;  + " "  "   9  + ""  "   OZ  T @+ "T   ""  +0   +0  "  

$

 $ +;9  7 @  T @+   # + @ Q   + !

 #R G#D# /  "   (,- P()" , -"Q ; V    S     V# +   "# 0 +0 >   "Z " @+ +     N  +W /0W 2     "   " +   @  V+ +  T  +  ; + "  T  +   Q3AR >   T   @+$  A#S+ "T  B0  F   "  d  A#S+ "T  "T+"     -  " ""

  d  A#S+ "T  "T+"      -  """     83A   @Z  + Z+Z + T@+ !  # +

+0  +  +0  T# Q3AR #  T  +   Q3 AR-   @  T  +   Q83AR-  Z  "  + +0  V#   +0+  / 0  8A/B" +- ;+   @ \ 2  :

# KD

5  ? (  !  B 2  :

G#F# 2   P@  2   @2*Q 3#+Z J +  +    F ;" Q+  " #S #

+       "      #+R-    

      !()    "  3+0+ 8  1 : +  / ""   ; V    "Z "+ :   S Z "T  +0  +

+0  #S+0 + +0  # 2     #S+Z "T  +Z "T+   @+Z    3      " 

 @+$ """ Q R  "    + "T+    "

  :"   T   +0  # ++0     S  

 " + 5 +  +    S Z "Z " "+ ; S "       +    @+  

+  3  +   #Z  #S   Z @ Z +T +Z     # ;" S- S  S @+  

+ - " S  U 

" 7 "   " T+  #   S+0   @ :Z   +   + " " +

  @   7 +   " "   - "      

 + 

/ 0  8A/B" +- ;+   @ \ 2  :

# KF

5  ? (  !  B 2  :  + =9 =    

 + =9 =     <+ +  +            S Z      +T+   +  Z c >@ +   + T c Z+        - @ Z+  #      S <+   U   -  +  " T" "-   +0    

" T- S Z  T <"  @+"   +   

+-      +   +0 +  -   "#    - #  T T  "   + U    "+0 ,c Q   R  &c Q  R > +   -  + "D  +  QS  S +0     R  + + "T  ""    + "  " +  : # +  +  +     TZ+$ !R

I " 3 F  7    """ QF R     + "T+     -  S @+   - #  

/ 0  8A/B" +- ;+   @ \ 2  :

# KI

5  ? (  !  B 2  :

"  R

3 F  ""  + "T+ 7  "Z  @U + "  4=9

,R

I " 3 A Q3AR 7     1

R

:"" = Q  @U  R   +0   # +  +0 Q$ &- !  ) R  "Z+    @+ :=Q&R- :=Q!R- :=Q)R

R

:""    3 A Q3AR  "Z+    @+ :AQ&R:AQ!R- :AQ)R

%R

I T"   #   " :=   :A  +0 "+0 #   TZ+  # $

&R

J + "  @U +   

$

S "TU- S " +    "#    

 + +   Z+ T  +0- " S  U  + Z+" "     S >@   T  "     +  T  

   S  +   "  S +0

#

/ 0  8A/B" +- ;+   @ \ 2  :

# LM

5  ? (  !  B 2  :

G#I# &O     3'% ; V  S     #  +0 #   + Z  +0 1  : T   +0  e*<- *<  8*K F e*<    "  S  - *<  "     "  8*K @  

   Z+ Q+   

 T   R ; V 

 + #       " S  ZS+ ;  ;   " 4 / +  3+0+ 3 : " 9 =Z+   V   @"  U  T 8*K- S   U +    T     <" 8*K   T   @+- "   T   "    "   U   V- S     Z     ? 8*K     "  e*<  7*<- S  @U-  "  

 T  ; S @+- #   T S- @"    - QS S  T  *
 T  e*
+0   "# +0  "  V :  " +0   +       * 86 E   ZS+ 43 1   FL9 ;          " "+-   + @ e*<     *<  8*K T    TZ+   *< 

T+  # - S Z+ T  S e*<  *< 3Z  +T S

"ZU #V  " "+-  e*<   T Z+  # *<

/ 0  8A/B" +- ;+   @ \ 2  :

# LE

5  ? (  !  B 2  :

:  S   -   + @ *<    S e*<  8*K    T TZ+  S e*<  T+  #  TZ+  S  # *<   e*< 2 +   U "T #V-  *<   e*< Z+  # S  8*K @+  "- S  + #  :  S  7*<  e* @+  @+     <" S 8*K 

  "   "   T  - #  Z  "

  2 + S "U  +  -  8*K TZ+   "  " T+      1  > 0"@   

 1  > 0"@   

/ 0  8A/B" +- ;+   @ \ 2  :

# LG

5  ? (  !  B 2  :

;  T+  +   V *<    U  " -  

+ S" "    "+  +    +0   +0  V#   1 "T- +  " S +  " "    ; V *< +  T   TZ+  +$ J + "  V * Q*+   L- +  +0  R    $ @ +   #T

@ +   #

 $ B8-F8 7 """ QF R  " "" QB0R    B2-F2 7 """ QF R  " "" QB0R          T " "  e*  7* 7  " S" "U

    *   +  "    S +0 + D#     >@  Z  -   " - #   T @  "   Z "-   ""  2 S   @+  "  S      Q+ T@+ +  

 #R

/ 0  8A/B" +- ;+   @ \ 2  :

# LJ

5  ? (  !  B 2  :

 T + " 3 A Q3AR 7  1 &    T"  @ #   " +Z @  + Z+ + $

 T + " e*<  7*< Q*+  <+ - +   V  R   TZ++0 

#$

e*<  7*<  Z    V *< 3 +Z T     V 8*K +    TZ+  # $ J + " #S+T  V#  +0 *<*L

/ 0  8A/B" +- ;+   @ \ 2  :

# LK

5  ? (  !  B 2  :

; @U   T    

S- S *< "  U  Z  @+Z  T + " *K Q*+  6- +      R$

 @"   " +Z +  @  + Z+$

G#EM# 0    0! %H P00%Q ; V 

  

      *  F"     ZS+   " 4/ ""  /0 <6$ 3

 1  3 /++ 3 9 ; V  "  " @U +-    +T  +  @    @+ +0  # ;   @+  V  Z  +     @+ +     @ +        @+ Z   +   #  @  @+

/ 0  8A/B" +- ;+   @ \ 2  :

# LL

5  ? (  !  B 2  :  7  > ??@   

 7  > ??@    <+   V " S U     S "  

  S        +0 !  7! :       " "+ @+   +     Q S !R  "    S     " "+ @+     Q S !R :" "T+  + T  @+     +  J"  #     D //<  +T +   Z++0    +  3  #   

  

 + 

#

+ +0



 #

  +

; " "+-     +  Z-   +  S ""  +  +Z  - #   "  S  "     + ""  +  +Z 0  Q +   @-  +    R- +  " 

/ 0  8A/B" +- ;+   @ \ 2  :

# LC

5  ? (  !  B 2  :

/ "  /0 <6 + "   " +Z  TZ+  +$ J + " @Z "+ Z " ""- """  +

"T+  S   7 + "  Z +T  Z 32

J + "  Z   Z @Z  + Z+Z +  +0 Q32R

J S   ""    @  + Z+- +   +     # + @ "" +

Z  @U @ +  +0    " Z +  @U  S   # ;     "   +  @+   T  @"    " +Z   @  + Z+ ; @U @ "S"     #+  ! 7   "  @U 4//9

; @U //  "    @U #S+ "T  @ Z +Z  Z-  +Z  Z   

?  32  +      / 0  8A/B" +- ;+   @ \ 2  :

# LD

5  ? (  !  B 2  :

J# 4     O   (,    N    T   - S   1 "+ " S "  + U  S  @+ #- # + T  TZ 1 -  "  " "   +0 4 1 9    " +  V#   +0+  *   "  + +  #  +0   1 "+-   T 1 +0    +0    V   +0+  /  +    +  +   + Z++0 #S+0 1 "+ 

 T  @   Z+  + ?  T

@+  # S #+0  T+ #S+0 "      +     F+ U T  S "- S S    "  +   @U  +0 # 2       " S  D+ U T "- S

 ""       +        

  @     " T "-    S   @+

  +0 " -     +S    2 Z+    1 "+

 Z  V# 83    1+  Z+ " #+0  S+0 "     - + #S + +  

/ 0  8A/B" +- ;+   @ \ 2  :

# LF

5  ? (  !  B 2  :

G#E# (  N            !" # ;    S  V " S  @  # 1 U      " 1 "+- +  S   "C"     =

+ T   Z S   #S  +   Z+      :  +  "    "  S "-  SZ+   #    +   D +     S   D  @+ )   S   D  @+  

+   +0 +   ; +0     + T@+

+  "Z - Z+ " "" "       S >  S" +0 #   Z+ 

 Z 1 "+ @+ +0 J#S       V T "    T  1 "+   Z+   S-  "       V""   T  1 "+   Z+ 

 2 TZ+    # -  #     +" 2  "   1+  "# S  +0  #  T+0  V# +0    " +   +0 +  +  A:<

/ 0  8A/B" +- ;+   @ \ 2  :

# LI

5  ? (  !  B 2  :  : C9 D*   9  

 : C9 D*   9   > U      T  T@"   1 "+- #

  T  +0 C  +   +0 +        1    

+-  S "TU- S "" S  "  +  -         1   + @+ #S   " Z "U " + " 

+   +0 +  " S     U S  +   Z+ 1       7      # 1  #  +0   1 "+ @+    / 0  8A/B" +- ;+   @ \ 2  :

# CM

5  ? (  !  B 2  :

>@ +0    V   Z+ #    -   1    +TU @+ Z+ " -  +0 #S " S SU  1  # ;   @  + Z+  +T+     T @ " S U        + @  1 "+-   Z+  "T   2        Z  #V    V#     +      + @  +0   S "TU - S " T   Z+

  +  V   @+0  + Z++0- "   4 9  V T   

/ 0  8A/B" +- ;+   @ \ 2  :

# CE

5  ? (  !  B 2  :

-2$3$%(4 %%% &*,1+ 32 ,.2-%% ;(392&:0; A   

  @T+   "   " 0 "  "   0   5 6 3   1 "     " + T  +ZS Z   S #     +   +0 +  #  3  0   Z  1  +0 +  +0 " #            +0   0 +0-   + S     U   T  +0   S  "    " S

 S +0      "   ZS J  - #   +  T       #   T+0  "       +0 D  

F  5 ++

/0 B * 

A0  E 

;" *  ?

/ 0  8A/B" +- ;+   @ \ 2  :

# CG

5  ? (  !  B 2  :

E# ,   3 V /0 B *     T % F   !) !     "

 +  "  +D  ;  !    + Z T   Z =   "  * A + Q:1R-  T    : Q2 L+R  EL 2  3       E >  W " #"  !))  S #T *  >   / " "Z+Z T  + "  " @+ 1 +0  + " 1 "  Z+"  ; : =- #  " +       "      1 "      @   "" 3  * W 3  * W   T   #  @+ +0 +

   "

        +0 # :        +0+   /0 *  1 "   T+          # 1      + * W @      T   - #+0 S   $ !R /   Z    7         S   +0+  * +0 D *  S  + "T+ R A    T  +0- # " S   U  ,       S @+  +   +0 $ 3 # QZ+ SR-  #  #

  ,R 3 " S   U  ,  +  1 $ 5  "+ Q + R- 1      1  +   #+  D+ Z+ T # 1 Z "+

/ 0  8A/B" +- ;+   @ \ 2  :

# CJ

5  ? (  !  B 2  :

R 3 Z S  V  +0  " :      +0 +  +0 Z      + T@+    "  +   - +  1 "+        + T@+  V   +0+  3  * W        ! 

   

" 1       #S+0 #  :     T   +0+   1 "-   " Z  @ ; +0   +0 KK  A0   E   Z  T * W-   Z+  T 5 E     Z   5 6 S   @  D /0 B *  "   " "   =

   !( G# ,   5 .  A0   E     T    !)&!   L ;       T     = B  ;  !)!   +   !)) "  A0 E   #  T   +"   Z  Z  : 8   3   ;    E  @+  "-  + U      #S+0  +0 "T  "  1-    - + 

 + + ; !)(%   A0 E  Z T  T  @+Z    

  "         +  "  1      T  + -  +  "  - #S   +  T S  > " "-     T  @+     + " T "  +  + @  +  1 #   +    ;    A0 E   

T ; " - S  #S   '- "+- 8  5+    " - +      S - +  S  >  @U  "  @U TU    + S  " @+- #  @+       "++0   + +0 T+0 2  +0- #+0 +0  ZS+0  +TS +0    !(&   A0 E    F 8  ,% +0   + 2  @++0 Z +0 +0  " "   ZU + "@ # " - + / 0  8A/B" +- ;+   @ \ 2  :

# CK

5  ? (  !  B 2  :

  +    + T+" +  " #  @+ +0- +

    +   + 1 "        @    Z   1 E  3  1 E      +0 +0+0    1 ;    @  + 1  TZ+  -  T +

U  @U    +0 +0 D    #S # 1  S +0   +0 +  +0 ; E      T    @ +0 ++0 +0#-    +0 +

     U    +0  <  Z   1 E     S- S     T  ++0 1- # ZSZ T  Z 1 "Z+    +  S "    +   ; E    TU 1        "

#" "-  + "  T +0  +0  #S T+ 1    +"   #   1 ZSZ T      Z+ # 1- #    Z   Z   Z      T "    +  "  ; "   E  TU 1  +0 " # - 1 " 1T "  :  1 +  Z +1" 3   #S TU 1    +"   #   TZ+  1 " -  Z 1T   :  1  

+  T "

/ 0  8A/B" +- ;+   @ \ 2  :

# CL

5  ? (  !  B 2  :  < C9 9   

 < C9 9    > U   S "    + # + 1 Z  Z   Z   Z+ + S    Q "   E R ; "U- S S Z      E     @U - #     SZ  @U 0Z++0   - S   1 E     Z  +0  T 0Z++0  -  "

  +T   > S 5 6   " # T   @+-     + #+0 # 1      S  " +0 +0- + " S        1 E  G#E# @ N ;+  Z      + #+0 1      1 "  +1+ +0 # 1 2 S

  #+ "#   TZ+ +0$

/ 0  8A/B" +- ;+   @ \ 2  :

# CC

5  ? (  !  B 2  :

@ N   2 Z @ N       I     #   # :  3#Z 2 S    TZ    +0 +  +0  +0  

E   TZ+" ""$  7 : "+  "     ! 7 +        7 : "      , 7     " T+  7      " T+ 7       # % 7 <"  " Z+  # & 7 2"  " Z+   ) 7 /+     ( 7 :++   ! 7 ? :++    S

/ 0  8A/B" +- ;+   @ \ 2  :

# CD

5  ? (  !  B 2  :

G#E#E# +  2 Z   1 "  >    " + T+ 1   Z+ T    #+0 Z++0 T   

+0   1 !  ,     < Z    Z+0 7   Z+   D+ Z+ 7 #SZ T "T  Z   +Z  #"  -  #S + #" +0  2 Z  D+ Z+  TZ + T@+ S   Z+  ,   E !0

 ,   E !0 > T

@U # 1-  Z  TZ #       "    "

/ 0  8A/B" +- ;+   @ \ 2  :

# CF

5  ? (  !  B 2  :

G#E#G# $"    + T@+  TZ+  1   A #S"  #   #   7      1   +0  Z    +"   #    F FF$

  F FF$ 2 #   #    +          TZ+    Z+

  Z 1Z 6 2 #   Z   ;      Z 1     F FF$  )*  0F$

  F FF$  )*  0F$ / 0  8A/B" +- ;+   @ \ 2  :

# CI

5  ? (  !  B 2  :

G#E#J# @         *  =

+ T   1     Z+ T    + "  % -   

 % -    2 #   #             Z+         Z+

 1Z 6 2 #    " 

 " G#E#K# ,   3#Z  Z  T+ 1  - +

+0 " 8-=-/-*-E 5  "     Z T  "T  " @ "   1 8  /  1T =  * A #S" #Z S   S 3#Z  S  TZ   

/ 0  8A/B" +- ;+   @ \ 2  :

# DM

5  ? (  !  B 2  :  ' ()*  ; &

 ' ()*  ; &  + ()*  ; &

 + ()*  ; &

/ 0  8A/B" +- ;+   @ \ 2  :

# DE

5  ? (  !  B 2  :

G#G# @     N .  A0  E   +Z    +    "   "

" # - 1 "        +   Z      T  "        +    +0- #+   1     +

U   + Z++0    +0 # : +        +0 +0 A+0 :-   Z Z+  " + - #      "  @+ +0 1 "Z+      @ + T  +0  # +0 # 1 ISZ+   "+0   " S  "T +    U 1   

    -  +  "    

U     # + ;    +  4E 3 :+  Market Forecasting with the New Refined Elliott Wave Principle Pattern Recognition System4 A+0 :     "  +    +0       ""  " 8S    Z U  " Z   4A1 Z 3 T 1 E 9  :        !  

  # ; @U   E        

   +0

+0

Q +0

 

 "R



 



 +  +0 +0  +0 Q +0      0Z++0  R 3  1 E      " +"   

"  Z           -

   Z+

     T  + +0 S " A # +0      +          "#  " +0- #       # -  TZ + Z " +   1 E  S"

 "

/ 0  8A/B" +- ;+   @ \ 2  :

# DG

5  ? (  !  B 2  :

J# 9  5   " F  2    5 ++ S    " K<<  K<<<   2  Q   ; +0R " - S  "     #

   " 5 6"-  + "Z + Z+      Z  T +    S  +- S 5 ++   " """ +0 +  # /Z +     - S     "     +0 S+ 7   #S       #  +0 5 ++    T  ; +0- +     # + 81+-    ++ ?" "   "+      2+  "          +# 2   "+0  @ +0    Z = 7    # +  +0  + T@+ 8 5 ++ +  T " ""   #S    " +"-  Z+

   "# ""+ +0  +0  +0- #

  J    ! 5 ++  D+   #S  +Z+  2  3" S    S+0  #- TZ++0   "  ""+ +0   D /Z 5 ++  +   +Z + - #+0 S  T   " #+0 Z    Z++0 >   S  +Z     

   $

/ 0  8A/B" +- ;+   @ \ 2  :

# DJ

5  ? (  !  B 2  :

/Z + 5 ++ Z "   TZ+  # $ !- !- - ,- - )- !,- !- ,-

- )(- !- ,,- ,&&

    " +   -  + "    Z+"  " + "- SU " S +  T$  :       +Z   TZ+  "   -%!)  :       +Z     Z+      # !-%!)  :      +Z  + @   -        -%!)  :  + @        -        -,) ; #+    S   S @+     +0 - +   +0   +0 S+ ;  #+  +0 +  +0  "T S  "   J#E# 9  5   "  ,  5 .  ;  " + @ A0  E      #+  Z+ +Z 5 ++      J Z  + T@+  TZ+ S @+  "T   + #" 1" J#S    @+  + #+0 1  +0 E -   # "  #+   <    -    "     @+   1   @+  + 1   @U   -%!) :   @+  + 1   @+   1   !-%!)-     @+ 1 Z  1     -%!)

/ 0  8A/B" +- ;+   @ \ 2  :

# DK

5  ? (  !  B 2  :  1 0 D9

 1 0 D9

  S  - S  #+  5 ++ "Z S

+   +      1 E  A+0 :  +   +0  + +0 +   - S + T@+     +  1   ,)c 1  - +    # "  +0  #+ # 5 ++ 

/ 0  8A/B" +- ;+   @ \ 2  :

# DL

5  ? (  !  B 2  :

J#G# 7   ; #  +0 S  #+ # 5 ++ 

@   "#  +     +0 ++0  +0 IS   "  ,)-c- c  %!-)c F+

 Z  T"  @+ +0

   + Z  

"   "  ""-    D+ Z+   "  ""  +"   + Z    7      *  ) ) C; 

 7      *  ) ) C;     %  "        "    + c    &%-c J     " Z +

     +0  !      Z    +    +0  +    ;@# #    - S  - #    +    " ,)-fc @+ U T   + -  +     TZ+ %!-)c " S @+ U " 

/ 0  8A/B" +- ;+   @ \ 2  :

# DC

5  ? (  !  B 2  :

K# &   3 > 3  ;* ?   Z    

+ +0  "+ +0   "  + Z 

    7  +0 3  ?  +   -  +    +0 +   >      +   @+ 1"  - S  ?    T   " +   " 1   Z+  +  + ;" *  ?    T % + + !)&)    1"    F1  3      T+    D  7     @" + A   D  ?#   *   +# "  ;"   +  T +  1" S  -  S   D+            #@+ >      D  " T+ Z # F +  1"    "  "   D "    +  - # S+        " +TS + ;      "  ;"   +   +Z+0 2    T+0  ;"  T #S+0 +S   D+ +Z+  36-   + Z T  +

       ;     S Z  #Z  + ;* ?     T    H  Q     !(,R ;  " H  +   ; : ;  ,   # T S Z     S :Z B1 7 "   !(  ; !(!(      ! ;* ?   + +T    + Z +   "   " A T S+ T         + 2 

   T   Z ; +0 +  +0    S   430 :  *" F9  Z+  +       Z+ + #   +      #

/ 0  8A/B" +- ;+   @ \ 2  :

# DD

5  ? (  !  B 2  :

=     7    #V ;* ?    "    + "         -  !(    Z  Z  ZST   " 430 1 0 : + 39 ' ZS  +ZS         +0  +  " +   # + +0 ; "U- S  ZS 

   "+0 +  +0      S  + 5+ ? 2  0 / "- #      Z  +Z

     ;" *  ? J @+  +     S    ZS  #S   T+  Z  "  >    ZS

   +    430 ; : > 9    T 

       ; +0   +0    ;* ? " ) c + @+- +

  

  +  # >      T      2        +0  # :#  +

+0  !(   ;   (   ZS ;* ?   " 43 30 0 0 89

  =  1+     Z # ;* ?     "T  "  >   :  +

 A+ ;" *  ?   #        # + +0         + Z+  Z    " + +0-  +  "   +0  + #  +0     " # ;* ?    T 1 - #  T "   +TS + ;   !(     +  1"    -     "   A  #V  +  S Z ;* ? " 

Z+   T+#   #  + +0  -  S  

+ T@U  S+ "  T #S + " " +0   #   @+       @"+   ;* ? Z +ZS   / 0  8A/B" +- ;+   @ \ 2  :

# DF

5  ? (  !  B 2  :

 -   "      " + @# +0 +  #  +0 K#E# ,   > ;* ?     ++T Z+   Z+  +0@ ;   ++    +   Z+  +   @U  Z-   + +  +   @U "           2   

 +0# +- ? S   "+ - #



 +0 +  T  Z+ ++T   "   " +Z  S +0- ?  +   +  " T +0# + +0        >"    +0  SD     +"     S- S     "" " S +       T  T+0   "# + +0 MZ+ Z+ +0 +  +  " ? "   + 

" T  ;     1  "+ +0  +0 

 " ++0-  +0  "Z++0 +T ;@# +0 1

 "   ' * T+ Q:g 1 R ' ! Q:g

1 !R +  B   QB6 R '  Z       

  + T +0  T  +  +"-     + Z+     +"   ZSZ+ -   +0"   #  2 T     #    T  # +" ;@      @   7      "   @ "Z +1+    "  +   -   @+-   #  

 Z -  Z -  # + # S #+U T- S  Z  +     #

/ 0  8A/B" +- ;+   @ \ 2  :

# DI

5  ? (  !  B 2  :  : 2 0 8

                      

                   

                                                        

                

            

  

              

 

      







     

 

      





    



  

  







    



   

 

    

 

                

 



              

 



 

        



    

        















       

                  

                         

 : 2 0 8 2 S    T+    Z+  -       ? F  +

   "-   Z+  S SZ   +    "#  +    3   + #  @ +0  "+ +0 S @+ #  T " T  T U-   Z   4?W 59- +  ;+0 ?- # " S"  +   U   -  + + T@+  "+ 

/ 0  8A/B" +- ;+   @ \ 2  :

# FM

5  ? (  !  B 2  :  < 9 3

 < 9 3    U +0 ? @    """ F !   Z   T+- 

 

 @ 

  E" " ? Q  #Z "  #"    TR  +0 S @+ F   Z   "  + "  +0 +0    T+ #  '   "    Z  +        "  #  + SZ  "  ,   + Z+ 

"  F !  Z    +- #  " Z T "  

/ 0  8A/B" +- ;+   @ \ 2  :

# FE

5  ? (  !  B 2  :  %, !;9  3

 %, !;9  3 3  ?-  S   " + @-      

+ +0- " + +0   2  +     #- +0 U     +    +      +   ? T   T    "  #+0-  +     "Z Z     +    Z <  

 +   # 

   F+  5 ++ "Z #S    #+0

  +0  ++0-   +0        #    -    " 1    ?

/ 0  8A/B" +- ;+   @ \ 2  :

# FG

5  ? (  !  B 2  :

L# ,   0  T Z+ T +       0   +   -   #  "ZU   /  3      - + S "  #   TS+  +Z   7 -  +  3  /    Z  "T  "      TS+ "" T #  +0 1 +0h J+ @+ "    " + 

 T   + 7  " D    "  "" - S +0 +  Z /0  0 /    +  +  +0  !()&        " +- # "#  U  " "" 7  :+0 Z   +0 "#    +0 +0   "  - +   +  +0"      - 7 +     - S +         + @  +" @+ Z+ " "" +0 J V   - Z    / 

  T U 

Z Z- S "     : S   T   TS+  "         " " " S" SU #S+  "T  "-  + " T  +  -    +     TS+ /   /    S 1"   +0 D   " "[ ; S" #+ 7  S   $

/ 0  8A/B" +- ;+   @ \ 2  :

# FJ

5  ? (  !  B 2  :  % ; E )

 % ; E ) 3 + U  S-           Z+ +0    !((  +0  !()&   #  @+  /0  0 /     #  >@  "   1- S  +0    T "Z T    "-  S    +0 +  S  

 "" "    S   @T > " '-  S    Z S S @+ +0  1- S  @U  4 TS++09 Q+  ++0  TS+R   &!&-      (   +Z 5 ++   &!&(&%-    T U +  "  "    Z S +@   Z  Z    "       "+   ZS /    " 4' :9     2 *Z    -       =

  

 Z+ 7  +"   "

/ 0  8A/B" +- ;+   @ \ 2  :

# FK

5  ? (  !  B 2  :

-2$3$%(4 %= *,-(,.>%( %&.*,:0:<2?;(392&( ;  "      T  #   "T  +  +   #  5 6     + @+       + 7 +  - # ""        Z+   +

 " 0" ""

      + @+ # + 

 " 7 +ZS 

  -  S +ZS ""  + 

"  " ;@   T      S   U +  +U T "- #+0  " S "U   " S+ @++ J     " S    #S+0 " ++0 + T@+      + T@+ 7       +  @+Z + @ ""- S   1 " " S #  U   +U + T@U  + @U

  +0 @ # 2 S  4  9     " "  S   U  +   1 "+-  @  Z  T 1 Z E# 7  $  <    Z +0    -   " 

+ ?  Z      0     #  TZ+  5 6  Z+   U  " 0 @++    :Z  +       " -  #+0  +0+  0 @" 4 +0 9 '    #SZ T     Z +0 "- S       Z +0 @++   

 0 " " "- "" "Z+  T  1 "     4

9- +  " S  U    U  # +  - +

 " S   T+  +U  + 7  +    T  "S - #  Z   "

/ 0  8A/B" +- ;+   @ \ 2  :

# FL

5  ? (  !  B 2  :

>Z    +0     Z +0    " S @+ 1+ @ #    Z Z++0 7  " S +U @ #     S       @++   0   + T@+  " SZ+"        "   - # @  T    0  7   " S "U- +     - #   Z T  " "  +  +0 0   > S       @U Z+ - "   " + Z   T 7 " S   S +0 + 1U   +U @      -  S #S +0 @++   " S SU  S  "S "  Z Z+ - + " S "    +D  " @++ 7  " " "+    Z   T    "  " 2   < " S" VU +  T+ 1 "# Z++0   #- +0+Z++0   U " @ - #"  T

+    3    U  

 S"- S "" S  " " S @+ 1+ @ #-  +ZS " Z  U +   

"T "  Z  J @+ S"   "Z + @ 1"T 8 <L " <+     #- @ +0    Z   "  S"   - S @   1"-  Z+   - +T A+  +T   1" S @  S"

/ 0  8A/B" +- ;+   @ \ 2  :

# FC

5  ? (  !  B 2  :

G# (  %) %# 8 <L " <+ 1 "       + T   @U         A " 1"   ( "#C# 

 Z Z++0 @ " #  +0  +0  +0 0 +0   1"  Z    @+   0-     0   ++0 1 +0  +0 +0-     / :     Z  #S+0 + T@++0    -  S  

 " "#+ "   U        T   U  +1+  +

 

: Z+

 



0 

1"

+    + Z    @+ Q   R   D+ ,       ,%(  # ; SZ+   " S

+ U   $ 0$CC CC+]1 "+ 6

   $  C0" Q Z T #S  @+  +

   +  T"  #R ;    Z      Z    8 Z " S   T    S

 V 0    +   @+  "# S "TU- S 0   5 6     S" "   "- ZS T S"  "-   +   " S  + T@+  + @+   +0 @ # " S 1"       Z   "- "" S S          "   +0 "-   

     5 6- +ZS      

 / 0  8A/B" +- ;+   @ \ 2  :

# FD

5  ? (  !  B 2  :

G#E# 2N N  (  J1 1" "     1  ++0Z+ T #S"-  S"    "    G#E#E# +  % P(   " %Q 2   S + D  Z++0        TZ++0   Z  @ # +  + +0  #+0  @ "  T  2+     S    "    Z    T  +    +   Z 

 "   "   "    >       # 0   " +Z  -     1Z+    +

"+0 +0  +0 'S  +  " "+       "      & #  " + +  +  +   C      " $! : +0 Z+   <  T       -  " +  I:*C/B5 *"T    " S  U  " " +  @#  # 1 +0 8 <L " <+ G#E#G# +  %% P(  , " %%Q :     # " +0  ++0 : T      "   +0       Z   "  S Z   U     # $ '   ""+0  -    " "+0 + "   ""    :  + #          +    C  - +   ZU   " T+    : Z+   0 T

@U  T+0   +0 / 0  8A/B" +- ;+   @ \ 2  :

# FF

5  ? (  !  B 2  :

;  " <<<       +       @+  -

   S     + G#E#J# +  %%% P(  , " %%%Q :-  #      <<<     8 Z 5 E  8  1 E        i+    

+0+ +0i /" S  +  "  +    1+ +  +0  +  +  Q "T+   + #R  + #  +0    + #+0 Q "  + +0R 3  1 E  + #    +0 +# IS"   1 E - S  U #     U   #+ '     #+    C    "   " # 1-    ZT+  +0  #  S "    +   G#E#K# +  %= P(  , " %=Q :   "  0 "     8      + 

#    S    +0 EIACI:*-

?=2CI:*  I:*C/B5 2 + Z   +  ++T ++  + 1 "+-   T   +  + " "" :  F   "  T   #      "  +Z :       "+ Z- S   Z  ,  +  -   +      +    +0   #   S +0  # " S    U    +   0    #+0  #-   #+0     1" 8 <L " <+-   T     S   +D C  S 1" 8  J + 1"     #+0  # / 0  8A/B" +- ;+   @ \ 2  :

# FI

5  ? (  !  B 2  :

  +0-  " + / ""+ =  3      S `!- Q+ 16+ "R  8L+ /+      S `!- Q+" + "R ""  "      `! ;+   Z  + @+    -   +  +   Z #S   !  +    8  """  + Q `!R "  @U  S @+        `  `(-    SS       T  +0   +  #  Z "   + ;   +0 "- # "       -   +   1    @+   ,cc "Z+ 

  T+  +0 - " Z+    #   -  #         2 ZT+      + 



"" 

V

" 

 

  @U

      @U   2 S           " V   Z+" "  " -   7 

  " V

   !$! $! "  ,$! $! "+  $! %$! &$!   )$! ($! !$!

` -   !- -

`!-   - -

`! -   ,- %-

`-   - )-

` -   - !-

,- -

%- )-

(- !-

!- !%-

! - -

- %- &-

!- !- !-

! - !)- !-

- - )-

 - ,- , -

)- (- !-

!%- !)- -

- &- ,-

,- ,%- -

-  - -

2  "  # Z++0 !   +    8  T  + U   " +Z   1 "$

/ 0  8A/B" +- ;+   @ \ 2  :

# IM

5  ? (  !  B 2  :

; @U      # T   @+Z +Z       + `%   V ,$!  +   @U !     `,$

J# *"   ?!  :     +      @+    Z +0   "S-   8 <L " <+  #V    T+  + @ " Z+"  1# + +0   1"T A  - +ZS  TZ+   "

- +0 U   - S    QZ+  3 ZR ! "#  T  U Z    5 6 7    D  - S   +   +Z Z    " S  " "+    T+    " + @U 0 3 T+ 

S @+   "   "- +"     8 Q""" `!R       -    Z+  + @ 

#S+   +  1  Q "   T      """ `R  "   1  " "  #-  #  T  +0  + Z+ S S    U       0  *  S "@Z++0 Z      @+ 1  " 5 6-  "  " T   # #S 1 "  + 8 - #   T     @+            ;H/<;H? Q;0 H  /+ < ;0 H  ?R +     + Z+    @ " "#- +   + "  +   T  +0 +   +    +0+0  @# 1 "    Z++0   A5_ QAg  5   _ R "     1 "   `       Q!   a !-R 21 "        "

/ 0  8A/B" +- ;+   @ \ 2  :

# IE

5  ? (  !  B 2  :

'  " Z+        T   +0   2 Z+

+ 

 

 Z 

 + @

0Z+

  T+    + " - Z+  3 Z-  Z  "

  -   +    D  +   S   Z+   +    S S   "     

    +    T T+ 1+ 8  K# $    ! !    0 +0    T          +0  "# 2   "  "" T 

+ @+ "   "- # T  U  # Z++0       + Z+    @ #  "  "  +0  S   -  1+ " +-  + +  @+ +     -   + " + +Z+   1 " +0+ Z   + U ;T

@U #   + " T "   "  -    Z  "  + $  +    / @U # " S   U   $          -   -  #   U  + T@+ @#  #  S  +    + Z T  + U     @+   ; "   " T "     +0 +0 +0  "T-    -   #S 1 "+ -  +0 +0- "Z ;     "Z

@U  1 Z+   -  

U     4'    +  "  +9- +  4  9 >   "T    "  "Z+  +     T @ #   @+    "    ;T

@U D  "   "   / 0  8A/B" +- ;+   @ \ 2  :

# IG

5  ? (  !  B 2  :

     " 'H/-   " T T+ @  "  "    +   +0#-  +  ;  -  +0+" +U  "@  Z   "  

+0 U  T   - + " SU  +D     

T 

 

 "

2 

1

8 -

TZ+

 S"    +   Z  @ "   "+ "   T VU    Z Z+        +  T

@U  # T  #S "U   Q+  "

 



 R

  





 "

Z+   T+  +  7 "   U 1+  " Q$  #  -   R =    :+0 TZ "U    +    ;)=E >        "T  "  "     +0  -

"T-

   -





 "-

+ 

 @"

@++" @ # TS+0 'S  #     

  S +0  "#

/ 0  8A/B" +- ;+   @ \ 2  :

# IJ

5  ? (  !  B 2  :

+23*@'2&(%. 8  +0+    

 "  T "   1 6 J " T

@U "# S   +  D-   T   # Z    ; V   +0+       S

Z  T   +0- +    +0  "#

" " +

  

   " Z +T #S"  " +"- # " Z U 

 " +    T+ " "  +  -  S 1 "    

" SZ  +

  D  " 7    "   " "    U " ; T    0 +0  Z+     +-   1+  # " Z+ T     Z+     " S +0    " Z  ZST-     #+0  T  Z ;  T + T@+   + Z T +   " 0 

#





 

+0+ -







"

 + +0  @++0  "  #S  Z  "#  Z+   ++0 +0   +  8"     +0

D Z++0 T  Z S  +Z + T@U +

/ 0  8A/B" +- ;+   @ \ 2  :

# IK

5  ? (  !  B 2  :

(.7*

E# (  N >  T SU- +    " + - +   +0  T+0  <+-   1"        T @ +0    5 6 ;T

@U  + ZZ++0 +  #   T #- @  Z+ -    +0+ - S   #

+      

       +  "

 Z+ Z T  +  @+   S" T  #   " 8  1"   + T   

 @ " "  S""  + "  + "-   T "  S""  + " + "  +  "+ S  + >   " + -     "TU- S S      ""+-       " S U  +  +  1     1" 3 #S ""  +  SZ  @+Z  V#"  " "   "+ +0- # #S " Z  

U +0    S "   +   >  Z+   T    +T   "+   + Z  - T  S  -   +     + -   "   + 0  #S    "

  1" ; +0 #      #S   1"-  ZS   " 1"  #  "+ +0     #S   1"      +  S   " "  T "  - @  +      -  #+   + ZU U   T #S  +  """ "" "   1"

/ 0  8A/B" +- ;+   @ \ 2  :

# IL

5  ? (  !  B 2  :

E#E# (  N    !  ?#Z #S+Z  "T   Z 1"Z   Z +0+ Z    # "+ + +    #  "+   +0

+0 D  J    +0+   T       

+0   " U +  +T "#       +      V   +0+ -    1"  T @U T Z  @U  " 1      T + #   + +0- " Z++0 "U    ; " "+-  +     T 1"Z T   @U  " 1    S   +  +-   S "

  +   +   U  L+ L  >@ T   @U  "   S  S   +  -   S "

  +   +    ZU ;   +0  S"   1- S + T  " +T  # T  @+Z T Z 8  +0+   T   Z+        +- @Z+   -      T"  + "- +0 +   "U   Z + "#    "   T   Z+    -  #S  +               #S   T  +  Z    " +  "-  #  Z T   -  T 1"Z   T  0  " "-  +     +0+     +0 + D     " " S U      #  + #  "

/ 0  8A/B" +- ;+   @ \ 2  :

# IC

5  ? (  !  B 2  :

E#G# &O         5 H   T     @U   +  TT  " + 

 # #  T+0  V#   1" S "TUS      V "   "+    5 6 "Z  "

+  2 S " + " - # Z T "U T     5 6 S   V <+0     " S VU     

 " 



  

Z

T



    2'= Q     R- 7 "" S  

    +0  V#- 2'=   S +0  V# Z+  Z  +T   + Z    A  3 7    D   +  >-  +  "       Z Z Z  U " +     "  V 7 "       @+ " T  +  A  82        @U Z +  "    Z  T    " A    

    +     : S +  7  S +0  V# " Z+ @U+      T   1    - +  S   A  /2< 7  -   " +Z # " S # U   U  T+ # ++0 " Z+ "U V      < <5J 7 "+  V "Z+ S   +0  EIACI:*-     #S  +0  +0   +0

Z +0  +   "

/ 0  8A/B" +- ;+   @ \ 2  :

# ID

5  ? (  !  B 2  :

 A   7 #S 

S  V   T   S   +   " V+0 + # "Z++0 +T   + Z ;  +0

 +0

 T "

 

 

1"  "  + +0  +   "   T   - S           #  @+ +0  U    2  +-  "   1"      +

/ 0  8A/B" +- ;+   @ \ 2  :

# IF

5  ? (  !  B 2  :

A%A9%2>-(5%(

! i3  5 E i 8  $ 81 > 5 d A  A 2+0 ;+ $ ;+ * :+0 ;+ ;
/ 0  8A/B" +- ;+   @ \ 2  :

# II

5  ? (  !  B 2  :

*+%* %9@*,-(0<% A  ! 2  @  + Z+      Z  !( A  ;+  @ +0 " QE8R  " ! A  , ;S  @ +0 "  " , A   3#   @  + Z+  "  A   A#S @ ,   +0  # EIACI:*  A  % '  @+0  + Z++0    "   ?=2C>2H % A  & ; T =      " EIACI:* & A  ) 2 + :8A   "T+  + , A  ( J +  : +0 +    , A  ! ; V 8/* & A  !! A:<  "   +T+  c  " +" ,( A  ! ; V  ""  " ! A  !, ; V AJ/  "  A  ! ; V " @+ /0W % A  !  J +  J +   " ( A  !% ; V *<  "



A  !& ; V //<  "

%

A  !) 5  1 "+   " +Z +   +0 +   % A  !( 5 "     %% A   2 Z  D+  E* %) A  !   QR %( A     QR   #   Q*R %( A  , I   & A   3#Z S &! A    3#Z  S &! A  % * @+ 1 & A  & 2  "  +    Z+   #+ # / 0  8A/B" +- ;+   @ \ 2  :

# EMM

5  ? (  !  B 2  :

5 ++  &% A  ) ' * T+ ) A  ( ;+0 ? )! A  , E" " ? ) A  ,! 2  D  +0# )

/ 0  8A/B" +- ;+   @ \ 2  :

# EME