, . , , , . , , , , . , , , (, ).
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, - () . , , , (- ), , . , , , .
. - . . , . 19 1987 , , , , . , . , , , . . ( , , , , , , .)
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2
( . (A Complete Guide to the Futures Markets, - John Wiley"& Sons, New York, NY, 1984).)
: . -, ( ) , , , . - ( ) . , , , , . . IBM 130: 100 IBM 130 . .
. , , , . , , . , 130- IBM 125 ., , . , . , , . - , ( ). , .
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, , . . , (writer), . ( , , ).
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.
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, :
1. . (deeply out-
of-the-many) , , , ( ) . (deeply in-the-many) , : ( ) , . , , .
2. . , . , .
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3. . ( ) . , , . , , . , , .[98] . [99], , , , .
(Gann analysis) , XX .
(Elliott wave analysis) , . , , ( ) , . , , .
(arbitrageurs) , .
, .
(arbitrage) .
(equity) .
(seat) ; .
(ring) , . pit (.).
(floor trader) , .
(boiler room operation) . , ( ) , , . , .
(bull) , .
(bull market) , .
(volatility) . , .
(uptrend) .
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(, ) (trading range) , . .
(chart) , . , (daily bar chart), , .
(chart analysis) , . , . , , , (chartists) (technicians).
(reversal day) , , (), () . (), .
(diversification) .
(long) , . long ( ) , .
(day trade) , .
(earnings per share, EPS) , .
(to cover) ( , ; , ).
(congestion) , .
(pattern recognition) ' , . ( , ) (contrarian) , (. ).
/ (overbought/oversold indicator) , , () , , . / , no- -.
- (call option) , ( ) .
(consolidation) . .
(contract) , ( ), ( ) . . .
(risk control) .
(short) , . short ( ) , .
(Fibonacci retracements) , 38,2 61,8 . (. ).
(retracement) , . , 60- 60 .
(tape reader) , , .
/ (put/call ratio) - -, /. , ( ), , . .
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/ (risk/reward ratio) . , , , , .
/ (price/earnings ratio, P/E) , .
(liquidity) .
(liquid market) , , . , .
(limit position) ( ) , .
/ (advance/decline line) - . / , - (DJIA), . , , , .
(false breakout) , , , . , , 18-20 ., 21, 18. 21 . .
(whipsaw) , . , , . , .
(local) , , , . .
(lot) .
(market-maker) (, , , ), .
(fade) : .
, , , , . , .
(bear) , .
(bear market) , .
(interbank market) . .
(contrary opinion) , , . , , , , , , . . , .
(mechanical system) ( ), . (mechanical system trader) , .
, , (naked option) , .
(downtrend) .
(volume) , .
(frontrunning) , , , , , .
(options) . 2.
(implied volatility) , .
, (reaction) , .
(open interest) . ( ) .
, .
.
(relative strength) . /.
(support) , , .
(drawdown) . (maximum drawdown) . , .
(Fibonacci sequence) , 1, 1 , . , : 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89 . 0,618, (, 21 55) 0,382. 0,618 0,382 .
(pyramiding) . , , .
() (uptick rule) , .
(limit price move) . , (limit-up), , (limit-down). , , . (locked limit-up), (limit-bid). (locked limit-down), (limit-offer).
(program trading) . 1.
(breakout) ( ) .
(skid) : (, ) .
( ) (outright position) ( , ).
(sentiment indicator) . . /.
- (put option) , ( ) .
(mark to the market) . , , ( ).
(gap) , . , 20 . 22, .
20 22 .
(divergence) , . .
(discretionary trader) , .
: , , .
(system) , .
, (trend-following system) , , () .
(systems trader) , , .
(scalper) , , . . .
(moving average) , . (simple moving average) . , , ( ) .
(Fed Board) , .
(resistance) , , .
(speculator) , , , .
(spread) , ( ) ( ) . : / ; / ; IBM 130/ IBM 140.
- (stop order) , ( , ), . - , . - (stop-loss order).
(portfolio insurance) . 1.
(trend) ( ).
(technical analysis) ( ), ( ) .
.
(tick) .
(pit) . (ring).
(money management) .
(averaging losers, averaging down) .
(fundamental analysis) . , , , , .
(futures) . .
(hedge) ( ), , , . , . , , .
(hedger) , .
, .
(spike) (), () . (), .
(leverage) , . , .
, Royallib.ru
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[44] 1988
[45] 15 ., .
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[53] 12 . , , 80, , 80 .
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[55]1982 .
[56] 1988
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[63] .
[64] 500 . ; . 25 . ( )
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[66] . 1.
[67] .
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[69].
[70]1988 .
[71] .
[72] 1988 .
[73] 16 .
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