840                                                    23

31       :    -
   13,5%,         
  10,7%  9,8%.

32 . Levine, Financial Analyst's Handbook I, pp. 883-926.

33         . . -
  . 19.

34      .  : Alan R. Shaw, Technical Analysis, in Levine,
Financial Analyst's Handbook I, pp. 944-988; . 8 : Jerome . Cohen, Edward D. Zinbarg, and
Arthur Zeikel, Investment Analysis and Portfolio Management (Homewood, IL: Richard D. Irwin, 1987);

Richard L. Evans, Chart Basics Using Bars, Point & Figure and Candlesticks, AAfI Journal, 15,
no. 4 (April 1993), pp. 24-28.

35      (Dow Theoiy) .: Richard L. Evans, Dow's Theory and the
Averages: Relevant... or Relics? AAII Journal, 15, no. 1 (January 1993), pp. 2729.

 

                            	                       

 

1.       19  22,
   :

David Dremen, Contrarian Investment Strategies (New York: Random House, 1979).

Werner F. M. De Bondt and Richard Thaler, Does the Stock Market Overreact? Journal

of Finance, 40, no. 3 (July 1985), pp. 793-805.

Werner F. M. De Bondt and Richard Thaler, Further Evidence on Investor Overreaction

and Stock Market Seasonality, Journal of Finance, 42, no. 3 (July 1987), pp. 557581.

Paul Zarowin, Short-Run Market Overreaction: Size and Seasonality Effects, Journal of

Portfolio Management, 15, no. 3 (Spring 1989), pp. 2629.

Paul Zarowin, Does the Stock Market Overreact to Corporate Earnings Information?

Journal of Finance, 44, no. 5 (December 1989), pp. 1385-1399.

Bruce N. Lehmann, Fads, Martingales, and Market Efficiency, Quarterly Journal of

Economics, 105, no. 1 (February 1990), pp. 128.

Narasimhan Jegadeesh, Evidence of Predictable Behavior of Security Returns, Journal

of Finance, 45, no. 3 (July 1990), pp. 881-898.