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10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
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4
50
51
52
53
54
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56
57
58
59
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61
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64
65
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26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
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5
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82
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92
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127
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129
130
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219,80
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306,86
296,56
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106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
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7
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
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0
348,69
338,19
329,03
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308,65
300,96
291,80
281,30
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258,69
248,19
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146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
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8
220,60
215,53
209,74
203,19
195,94
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150,25
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351,87

226
227
228
229
230
231
232
233
234
235
236
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241
242
243
244
245
246
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248
249
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251
252
253
254
255
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257
258
259
260
261

39,80
33,69
26,56
18,43
9,46
0
350,53
341,56
333,43
326,31
320,19
315
309,80
303,69
296,56
288,43
279,46
270
260,53
251,56
243,43
236,31
230,19
225
9

221,18
216,86
212,00
206,56
200,55
194,03
187,12
180
172,87
165,96
159,44
153,43
147,99
143,13
138,81
135
131,18
126,86
122,00
116,56
110,55
104,03
97,12
90
82,87
75,96
69,44
63,43
57,99
53,13
48,81
45
41,18
36,86
32,00
26,56

290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325

221,63
217,87
213,69
209,05
203,96
198,43
192,52
186,34
180
173,65
167,47
161,56
156,03
150,94
146,31
142,12
138,36
135
131,63
127,87
123,69
119,05
113,96
108,43
102,52
96,34
90
83,65
77,47
71,56
66,03
60,94
56,30
52,12
48,36
45

206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225

344,04
336,80
330,25
324,46
319,39
315
310,60
305,53
299,74
293,19
285,94
278,13
270
261,86
254,05
246,80
240,25
234,46
229,39
225

262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289

20,55
14,03
7,12
0
352,87
345,96
339,44
333,43
327,99
323,13
318,81
315
311,18
306,86
302,00
296,56
290,55
284,03
277,12
270
262,87
255,96
249,44
243,43
237,99
233,13
228,81
225

326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
353
354
355
356
357
358
359
360
361

41,63
37,87
33,69
29,05
23,96
18,43
12,52
6,34
0
353,65
347,47
341,56
336,03
330,94
326,30
322,12
318,36
315
311,63
307,87
303,69
299,05
293,96
288,43
282,52
276,34
270
263,65
257,47
251,56
246,03
240,94
236,30
232,12
228,36
225

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.26

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.42

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3. Gateway2000, GTW
Gateway2000 Inc., GTW. ,
. .44 4.45 08.11. 2002

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.51
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.54
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.55
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.69
3: Amercan Express, AXP
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Procter & Gamble. , ,
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.89
3. Cendant, CD
.90 Cendant. ,
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1998 6.50.
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119 Iomega, , .
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7,48. 90, 180, 270 360
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. . ,
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120 , 119.
Iomega, 0.05, 0.10, 0.25 0.50.
120 0.25 . .
, 117 117 * 0.25 = 29.25 .

 7.48, 30 . 4
, 119. 90,
180, 270 360 .

121 Iomega 119.

, . ,
,
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, Iomega 160 .
.

 2: :
Wellpoint Health Network, WLP.
122 Wellpoint Health Network, WLP.
. ,
. WLP, 0.5.
. 89.20 17
2002 .
, 89.20.
122. 90, 180, 270 360 ,
.
, . , .
122 89.20. ,
360: 129. 360: 129 0/360
129. 64.53. Wellpoint
.

 123 122. 123

0.50. . ,
197 197 * 0.50 = 98.50 .

89.20, 178.
, 122. 90, 180, 270 360
.

11. .
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 126 , 124. , .
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126.
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 2 :
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, . 127 5
Minnesota Mining & Manufacturing Co., MMM. ..
, 24 . ,
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127 , 12:15 9 .
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 128 - .
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 129 5 . 10:40
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5 Disney, DIS. 9:30 16:00 . 130 ,
, 11:15. , ,
. 130 240. 15:35
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131 , 11:15. 120.

13:25. 240. 15:35.

 132 5 Disney.
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 12
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15: 9.
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.
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284,0. 9. 151
284 . , ,
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0 .
150 S&P500. 0 ,
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 151 0, 284 27 2003 .

942 823 9 , S&P500.
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 152 S&P500 , .
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. 153
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 154 , 90 90.

152, 153 154 . , 9

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.

 1: 9. NASDAQ .
156 NASDAQ.
0 180. , 0
, 180 - .
156 , .
A, B, C E, G I. D, F, H, J K.

, . , ,
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 159 .
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160 2003 ,
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 15.
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.

16: high-low forecast 9

, 9 highlow .
1 , , , 9.
,
. high-low .
, Excel.
.
3 .
. ,
, 10 100. , 21$
10, 210$. , , 1,02$,
100. , 102$. ,
3 , .
, 9
, high .
, 9
, low .

_____________

+45

-45


1: .
360 2. . (45/360 *2 =
0,25).
2: .
360 2. . (-45/360 *2 = 0,25).
3: 10 100 .
, .
4: . 1191,7 =34,521
5: ( 1) ( 4). 0,25 + 34,521= 34,771.
6: ( 2) ( 4). -0,25 + 34,521= 34,271.
7: , 5.
high . 34,7712 (34,771*34,771) = 1209,023
8: , 6.
low . 34,2712 (34,271*34,271) = 1174,502
High-Low Forecast 9

1
45
-45

1 2

02.06.2003 1185,13 0,25 -0,25 1185,13 34,426 34,676 34,176

03.06.2003 1198,57 0,25 -0,25 1198,57 34,620 34,870 34,370 1202,405 1167,980
04.06.2003 1224,76 0,25 -0,25 1224,76 34,997 35,247 34,747 1215,943 1181,322
05.06.2003 1231,72 0,25 -0,25 1231,72 35,096 35,346 34,846 1242,321 1207,324
06.06.2003 1213,11 0,25 -0,25 1213,11 34,830 35,080 34,580 1249,330 1214,235
09.06.2003 1195,55 0,25 -0,25 1195,55 34,577 34,827 34,327 1230,587 1195,758
10.06.2003 1212,99 0,25 -0,25 1212,99 34,828 35,078 34,578 1212,901 1178,324
11.06.2003 1228,24 0,25 -0,25 1228,24 35,046 35,296 34,796 1230,467 1195,638
12.06.2003 1229,32 0,25 -0,25 1229,32 35,062 35,312 34,812 1245,826 1210,779
13.06.2003 1203,91 0,25 -0,25 1203,91 34,697 34,947 34,447 1246,913 1211,852
16.06.2003 1241,58 0,25 -0,25 1241,58 35,236 35,486 34,986 1221,321 1186,624
17.06.2003 1239,63 0,25 -0,25 1239,63 35,208 35,458 34,958 1259,261 1224,024
18.06.2003 1247,90 0,25 -0,25 1247,90 35,326 35,576 35,076 1257,297 1222,088
19.06.2003 1225,89 0,25 -0,25 1225,89 35,013 35,263 34,763 1265,625 1230,300
20.06.2003 1223,06 0,25 -0,25 1223,06 34,972 35,222 34,722 1243,459 1208,446
23.06.2003 1200,17 0,25 -0,25 1200,17 34,643 34,893 34,393 1240,609 1205,636
24.06.2003 1191,70 0,25 -0,25 1191,70 34,521 34,771 34,271 1217,554 1182,911
25.06.2003
1209,023 1174,502
161 , high low.
, +45, -45.
268, 45 9 high 276. -45
9 low, 260.

 1: High-Low forecast 9. NASDAQ .

162 NASDAQ high low,
high-low forecast. high-low
high-low. high-low ,
.
high , .
high.
, .
low , - .
,
.
high low ,
. -
.

 2: High-Low forecast 9. .
163 2003 . high-low forecast
+30 -30.
, .
high-low . low .
high .

16
: high-low .
1: high-low.
2: high high
.
3: low low
.
4: high
.
5: low
.

 17: 9
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9.

5 , .
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_____________

10

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1: , .
2: .
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3: 1.
.
4: 2.
5: 3.
6: , 4 , 5. ,
.
7: 6 360 2.
. 7
.
8: 2- 7 .
.

02.06.2003
03.06.2003
04.06.2003
05.06.2003
06.06.2003
09.06.2003
10.06.2003
11.06.2003
12.06.2003
13.06.2003
16.06.2003
17.06.2003
18.06.2003
19.06.2003
20.06.2003
23.06.2003
24.06.2003
25.06.2003

11,07
10,69
10,56
10,60
10,71
10,52
11,00
11,33
11,27
10,97
11,23
11,68
11,52
11,28
11,52
11,30
11,35
11,21

10
90
45
-45
-90

10,861
10,850
10,910
11,034
11,137
11,200
11,311
11,344
11,347
11,340

112,700
109,700
112,300
116,800
115,200
112,800
115,200
113,000
113,500
112,100

108,611
108,500
109,100
110,344
111,367
112,000
113,111
113,444
113,467
113,400

4 5 6 7 8
10,616
10,474
10,597
10,807
10,733
10,621
10,733
10,630
10,654
10,588

10,422
10,416
10,445
10,504
10,553
10,583
10,635
10,651
10,652
10,649

0,19
0,06
0,15
0,30
0,18
0,04
0,10
-0,02
0,00
-0,06

34,98
10,34
27,37
54,52
32,42
6,79
17,60
-3,76
0,28
-11,02

22,66
18,86
40,95
43,47
19,60
12,19
6,92
-1,74
-5,37

1. 9: Com, .
164 , Com 2003 .
+45 +90. -45 -90. 15.
9.
, 9 15-
.
( 164), 45
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. .

 2: 9: Johnson&Johnson, J&J, .
165 Johnson&Johnson, J&J. .
100, 10. 15.
90 180, -180 -90.
9.
. 9 90
. ,
90 9 .
90 9.
.

3: 9: Baker Hughs Inc,BHI, .

166 Baker Hughs Inc,BHI,
. . 15.
100, 10. 90
180, -180 -90.
. 90
9. . C D ,
.

 17
: , .
1: +45, +90, +180
. .
2: -45, -90, -180
. .