[] [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] [26] [27] [28] [29] [30] [31] [32] [33] [34] [35] [36] [37] [38] [39] [40] [41] [42] [43] [44] [45] [46] [47] [48] [49] [50] [51] [52] [53] [54] [55] [56] [57] [58] [59] [60] [61] [62] [63] [64] [65] [66] [67] [68] [69] [70] [71] [72] [73] [74] [75] [76] [77] [78] [79] [80] [81] [82] [83] [84] [85] [86] [87] [88] [89] [90] [91] [92] [93] [94] [95] [96] [97] [98] [99] [100] [101] [102] [103] [104] [105] [106] [107] [108] [109] [110] [111] [112] [113] [ 114 ] [115] [116] [117] [118] [119] [120] [121] [122] [123] [124] [125] [126] [127] [128] [129] [130] [131] [132] [133] [134] [135] [136] [137] [138] [139] [140] [141] [142] [143] [144] [145] [146] [147] [148] [149] [150] [151] [152] [153] [154] [155] [156] [157] [158] [159] [160] [161] [162] [163] [164] [165] [166] [167] [168] [169] [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]


114

. 0-1:

- : 1962 - 1987

1

3

6

12

0.000

0.876

0.876

0.973

0.973

1.032

1.032

1.082

1.082

1.151

1.151

1.216

1.216

1.293

1.293

1.411

1.411

1.593

1.593

1.729

1.729

1.846

1.846

1.936

1.936

2.023

2.023

2.116

2.116

2.195

2.195

2.293

2.293

2.399

2.399

2.517

2.517

2.739

2.739

5.397

« », «», « », «», « », «», « » .



. 0-2:

-

: 962 - 1987

1

3

6

12

0.000 0.898 0.990 1.034 1.090 1.160 1.217 1.286 1.427 1.652 1.783 1.865 1.967 2.047 2.122 2.195 2.269 2.350 2.464 2.646

0.898 0.990 1.034 1.090 1.160 1.217 1.286 1.427 1.652 1.783 1.865 1.967 2.047 2.122 2.195 2.269 2.350 2.464 2.646 3.625

« », «», « », «», « », «», « » .



1

3

12

6

1975

2.81

9.32

13.62

14.76

17.67

197 6

2.86

10. 97

12.48

13. 96

17.58

1978

2.76

0.55

-8.00

-4.25

0.17

1979

2.76

4.14

0.37

1.68

17.60

2.78

-5.90

-11.00

-10.66

13.67

3.00

-3.85

-6.21

-12.29

14.33

2.83

3.15

17.31

28.79

37.21

2.78

3.34

10.61

22. 10

19.17

2.96

13.02

13.22

18.71

31.50

3.25

-2.79

6.65

7.52

13.33

3.58

8.62

9.17

16.11

27.76

2.79

-2.21

9.00

20.15

33.47

2.81

1.04

10.92

20.57

16.12

3.03

6.01

10.55

19. 97

(Odd Lot Short Ratio)

( ), , . , . , , .

, - 100 , , , 100 .

, «» . (Merrill Analysis, Inc., Box 228, Chappaqua, NY 10514), .

. 0-3:

: , 2.75 1962-198&

- S&P 500

[] [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] [26] [27] [28] [29] [30] [31] [32] [33] [34] [35] [36] [37] [38] [39] [40] [41] [42] [43] [44] [45] [46] [47] [48] [49] [50] [51] [52] [53] [54] [55] [56] [57] [58] [59] [60] [61] [62] [63] [64] [65] [66] [67] [68] [69] [70] [71] [72] [73] [74] [75] [76] [77] [78] [79] [80] [81] [82] [83] [84] [85] [86] [87] [88] [89] [90] [91] [92] [93] [94] [95] [96] [97] [98] [99] [100] [101] [102] [103] [104] [105] [106] [107] [108] [109] [110] [111] [112] [113] [ 114 ] [115] [116] [117] [118] [119] [120] [121] [122] [123] [124] [125] [126] [127] [128] [129] [130] [131] [132] [133] [134] [135] [136] [137] [138] [139] [140] [141] [142] [143] [144] [145] [146] [147] [148] [149] [150] [151] [152] [153] [154] [155] [156] [157] [158] [159] [160] [161] [162] [163] [164] [165] [166] [167] [168] [169] [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]