Pattern, Price and Time: Using Gann Theory in Technical Analysis (Wiley Trading) [2 ed.] 0470432020, 9780470432020, 0470464291, 9780470464298


730 91 4MB

English Pages 265 [284] Year 2009

Report DMCA / Copyright

DOWNLOAD PDF FILE

Recommend Papers

Pattern, Price and Time: Using Gann Theory in Technical Analysis (Wiley Trading) [2 ed.]
 0470432020, 9780470432020, 0470464291, 9780470464298

  • 0 0 0
  • Like this paper and download? You can publish your own PDF file online for free in a few minutes! Sign Up
File loading please wait...
Citation preview

9:6;

7>727=5

?/0*-'(,%@/&4



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

(1& *.)%0&-/2./%20

 

01229

3457604 7 8 3 3

012345463789 1 365136 514563455345326 631363 5 365456 15631 !56 "215 !26 34!6 6561# 1654145$516334%563633455136142345$65 1 12 215&1561334513%31'5453423453463 ( 565(46356552511%45' 1 $52$6$54  5 %5&5$5  363555334 $51554)15 563$53635 1 5563%16 5 5 31$6545 15613 1 15' 5563# 5'553  5511%'61$645 54$6534565355454115 1434 '5631 5225 01 61$6565 55$6612 565'''65063351

01229

3457604 7 8 3 3

 

3857275

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

,-./0123456-/789/:;

01234567890 33434567844  57 31753 !1"#"1 1"$%43  57581350 &7'748%424156'844 ()1234567890 ( * 38457+, ((-"!$, -.(/ '108 57560123". 1.2/1.  354110845546584844103541108014214851 $56814!108%454658484410'565578!45 &4!88515465848441086+47# $1248108752 58513 4241"8145484538"14845885301414 3 3"8415"75"2718112356"41456"56"141874%5"528245881 4!851( 914( /1087( 9*:58!880123456788"%5871858748724514%45882455110 87 574"14871458518741672381087224124582411230818701234567804 084"#"

+1%11745"74"3 ( -"; 9/%%%%531>61>24551 ?55810?5 5583>7554104483,75872 574871478754 8001485242456 875 11"8731424885114%4485%58742881874314128108711 8810875 1125@3553525%448510478 558314@801424854 2421$1%44833 481458 342488514%4588845&75 84865185745318 58 01431458851A17118%587241051 %7422412458$5874872 5741487147 5 0143110241@81431874145 6"556 8185588125"558"1=85"1418746 61464501485111418742418451401487522148"218814 08140472488%587587:58!888;/ " >" >@$ >@P >@

9LL >@[ >[ >"@

677

01234235

89  877  7



89  7



!"#$!%&'(%)* .//01)$*!$'2!")* 4)!*5/!%0"' 470/8&9!$"* 4:#!$)&9!$"* 4#  6.   & 7&)  "*  7   ?@     $

 ?1A )?AB7  C- "5&  7D?"E/  &      7FB@G FE0)GGG"* & 7$

> ):4   F/EG"GG      & & F/?)GGG"GG" 5  &  7    4   "4 &    & :HHH& 7    "HHH &     7    $

%& )/1G3"*&$

>     C-   )  I&&-J   &- 7     7&&  " $

& 

&   7J   6&  .      K& ?"/3"L  &  &  7   7/D?/)/D??) /D?E)&-  &"4 M &/D?D) &   .

&7  + NOPQORSOTUVWOXYQZO[Z\TPO[Q]O^_`WO[XYQZOaO\T`[`W]`^\QO]bcZOTOd`__SO \_X[[XY^XWe]OW^OSa`WfO[QXT[\W]QZOPgS_`^d`__QTaQXhOQXgQ\YQOT`Q`[QXX _\QObHHHijk_\^lmT`]\an`[`W]`^\QO]\W]\P\W`^la]O^_`WO`W[QX^l[d`QZXW_a [R\__T\__`O[b cTgQZXYQZONQX^lc\PO   ( )!*+,- .$

(&- )/D0A)EA3" 57     6       " 5    6 7 o >- ) 7!!4)     7  !  5 "$

   &  7 !!44/E      -   -- A/ - 7     " $

>    -&&  &    & 7     "5 - &  &   ).  cTgQZXYQZONQX^lc\PO)  /D?E  &- -K   $& (&- %"p   -,- .$

(&- %"3"6,5//z9//z,A942,/z9??,,5>59Fz8z?9568?50-?/94/8505/z, F0560-5‚/4,56†E,,‡„,1/z,9|?,FF856…485/z,5,‡/},-69|?956A…1zF0-,4 „481,?ƒ,}04,/z,,560}/z,-,,2†7}|0…94,50/9F4,96|?z04/:?,FF?z04/-8/z0…/ -98/85}0449FF8,?† ˆG"‰7??z0-85A04,-,925,??956ƒ4,9285ŠC‹10…F66,1F85,Œ…812F|/0 ŠB‹ŠŽ†E,}904?,FF85/z,68?/95/0„/805?† G"‰.z04/?9F,9//z,A942,/†‘,4|F8//F,49FF|856819/,6ƒ,}04,ƒ86,1F85, /92,?„F91,†’4,9285Š“-8FF856819/,F0-,4956ƒ4,9285Š“C-8FFƒ,9?859F}04 ,4|A…1zF0-,4„481,?†

012034056573889

  !"#$%!%&'(



01

23445678269 5 49 5

!"#$%&'()##$*#+)$*,#$%&'.)##$*#+&./0&.(! 1234 *556*7$*)) $*)%#$*7!8#%#$%#$9##$ 55*+#$699::,$,$!8576;7!85 $;! ?@ABC"#$%'D('E&#$*#+'/D0'//!

@ABCF"#$%'/&+6**+#$G6#+7'H/0'HH! IJKL "67)#*)#$%5 $*55#$%#$+#$%!M*7N #%9#+$#7,O+**,5*+#$6+):! ?PQ"#$%RS#$*#+R&)!

PQF"#$%699R&)##$*#+DS)! TUUL M)) $6*7)#9#++*#$%%*+#$5 :$!M):7#7*7$*+*)!M ,67#$%,$:*$$*##$9##$59*+#$!V *:#7#$%! PWAXBYZZQF[#7  +H\ +$$* ,#$% HRS/ #$*#+ H//.0H/..! 12KK24 M#*$6*7$**5677*7$**#$ 9#$*55,6/.9#$)#*+99#$*69;$*+* $%!V*:#5]+,$*^+,!M9#$$#7 7*7N#%,5%#$%6+)!M)##9:#$%$* 9$#$%##$%%*9%!_#++6#$%#%#$%$#$O##$*67; $**+99#$6+#%,6#%*69)#$%)# *%#$%*9$)+99#$!V+$#*#996$#7 %5]+,$*^+,! PW@AACF"#$%&\H.)##$*#+)$*,#$%&\..#$*#+&S.. )! `W@AACF"#$%&SD.#$*#+)$*,#$%&S..)#,#$:7 ) 9##$$*+6**+#$5! `aCCb ACcdCW

012034056573889





    ! "     #!   $#     %% &'%()* +,--,./01230034567897:;?@AB C:7D8 EFFGHIJKLMNOFJKNMKNIHPQNOFRLNPRMISJKIKPJOJTIPJRKRUIVNIHJLQWRXNHKYNKP HNTRHPRKLPROZLRUGHIJKJKPHIMNOQIKKNFL[\QJLHNTRHP]ILKRPURHNLQIMR]NM VSTHJRHHNTRHPLUHRY PQN^R_PQ]NLPPRPQNNUUNOPPQIPNFNXIPRHLPROZLQIMIVR_P VNNK`OFNIKNMR_PaVSWRXNHKYNKPT_HOQILNL[bPJLPRRNIHFSPRLISURHL_HNcV_P JUPRMISdLIOPJRK]ILOI_LNMVSUIOPRHLRPQNHPQIKPQNWRXNHKYNKPHNTRHPPQNHNJL L_VLPIKPJIFNXJMNKONPQIPPQNNKMRUPQNFRKGV_FFYI HZNPJKGHIJKLJLKRPUIHRUU[ EKMcJUeIS]QNIPJL_KIVFNPROFRLNIVRXNfghijf XNHSLQRHPFSc]NNkTNOPFR]NH THJONLURHIFFGHIJKL[lRHKVNQIXNMPQNVNLP[bP]ILURFFR]NMVSRIPLIKM]QNIPc ]QJOQ]NHNOFNIKNMR_PSNLPNHMIScJKPQIPRHMNH[ mNHNORYYNKMLQRHPLIFNLRUeIS]QNIPRKHIFFJNL]JPQILPRTPQIP]JFFHNXNHLN SR_HTRLJPJRKJPOFRLNLIVRXNfghijf[ n o pmJFFYNNPHNLJLPIKONRKHIFFJNLIPfgqijrshijfctuuijrsfIKMtuvsuw[ mIPOQPQNYIHZNPOFRLNFSIPPQNLNHNLJLPIKONTRJKPLURHJKMJOIPJRKLRUIOQIKGNJK PHNKM[EUPNHL_OQTRJKPLQIXNVNNKTNKNPHIPNMRKPQN]IS_TcPQNSVNORYNL_TTRHP TRJKPLRKL_VLNx_NKPMNOFJKNL[eRXNLPRTL_T_KMNHPQNY IUPNHPQNSQIXNVNNK TNKNPHIPNMILTHRPNOPJRKIGIJKLPIHNXNHLIFRUPHNKM[ mJFFYNNPL_TTRHPRKMNOFJKNLIPfgtsijfcfhgijfsguijfIKMfhqijfsh[mIPOQPQNYIHy ZNPOFRLNFSIPPQNLNL_TTRHPTRJKPLURHJKMJOIPJRKLRUIOQIKGNJKPHNKM[EUPNHL_OQ TRJKPLQIXNVNNKTNKNPHIPNMRKPQN]ISMR]KcPQNSVNORYNHNLJLPIKONTRJKPLRK L_VLNx_NKPHIFFJNL[mQNKLQRHPcYRXNLPRTLMR]KRXNHPQNY IUPNHPQNSQIXNVNNK TNKNPHIPNMILTHRPNOPJRKIGIJKLPIHNXNHLIFRUPHNKM[ ijfcfqwijfsgijfcIKMfwfsr[ zo pmJFFYNNPHNLJLPIKONRKH I F F J N LI Pf q r s v mJFFYN NPL_TTRHPRKMNOFJKNLIPfquijfsfcfvwijfsgcIKMfvttjrsv[lFRLJKGVNFR] t fvtjr JKMJOIPNLFR]NH[^NNn o URHORYYNKPRK_LNRUL_TTRHPIKMHNLJLy PIKONTRJKPL[ tjrswitjr[mJF FYNNP n { pmJFFYNNPHNLJLPIiKONRKHIFFJNLIPf q h s gI KMf q g i i L_TTRHPRKMNOFJKNLIPfqrjrsvcfqfstcfvhjfsqu[lFRLJKGVNFR] fvhjf JKMJy OIPNLFR]NH[^NNn o URHORYYNKPRK _LNRUL_TTRHPIKMHNLJLPIKON TRJKPL[ z{ |mJFFYNNPHNLJLPIKONRiK HIiFFJNLIPfviqsw IKM fvhijfsquijr[mJ FF i HNONJXNL_TTRHPRKMNOFJKNLIPfvijfsfjr IKMfrhjfsvu[lFRLJKGVNFR] frhjf JKMJOIPNLFR]NH[^NNn o URHORYYNKPRK_LNRUL_TTRHPIKMHNLJLPIKON TRJKPL[

01

 1  !!"8#"$%8&'()

23445678269 5 49 5

012034056573889



%&'( )*++   ! " # $  " ,$&- '&$.- $%-#&$/(0 123 4 *4*++"+( 567 8 /.9$,9 "/!$/9( )*++"/%%&'$'9-/ $9-/"##9$//(0:; #$? !" -

 @  !! '!-'-  @- '  %-!& A -!!   !" '&2   %->1%A!% !&  1!!-!1 A-

"1  !!  !1 '!1 !!% 3!  % " - -"  !1!! "- ''!

BCDDEFG

)&-' 2  -!1 % H% 83.79! 3I!'  %!5 1



% ' %%!1



%"!   !! % "  J  !1!!   %'%

J'!'%  ' 1)'"  2   !1"--J !"- % 3I!' !1 -! " "! '  "! ' -" ! 

BFKLE

)&-'-      %5 ' '5 ! 

MNOPQRSTUVWXVOYZ[UVQZW\

A  %' !! "   "!   " ]^_`a



0122345678921 45 !"#

1234

$%&'()*+,

15

$%('&)+., $%(%-)'+,

$%%-&)'+,

$0&').., $/&&).., .., '.).., $'0.)..,

=>?:@

1 112

$%%-/)..,

15

$%.&+)*+,

$0'+).$0./,&).., $0(+).., $0%&)..,

64

$/*0)+.,

;?:

OPQRST UV W XYYZ[\\]^_`ab\cd\efa_d\ghfijhklmgen q

; < FDB

-,+

 =-

>- ?=> ,+ ?+ --

=B:6CD6A8B8:69C@EF8:8=F8G9>?6=HC8 9I=F8A;J9:K5;>8=@;:89:EF8:8=F8@LH;:8@M=:6;>?58@M9KK9@6=69>@;:8=9=F8@8 K5;>8=@N DF8;78:;?8@9I=F8@6OA;J9:K5;>8=@P8569=:6CQ89=:6=@I9:D6A8;>CB:6: *  !"'  (*"9 ;2 :4 "(  * '"%;"@;(*$64   ;"# %"').*((% (*"'"%  2(2H((' #((%&&  &*2* (2H829?&&;"* ? %, "& 2&  &"@

& *   &@ '";

&

"2  &@% "B *  (2 ) % ;2 "((

" %(('(% '(""I;#" 2(( #"&  (; 2*(%" (2" # 8229B%&;": 3$%"2"" B%&;"J :< ;% '"%**  43"(#"& 44 8 (2 (*%"  KLMNOMPQRSMTNOLULVROMQSRWXROPRQYRSNOMSROZN[RTRRWYROXNTOR\RMUMQP]XLONMQN UPQ^_RN`RRQXMNNROQZXOPYRZMQSNP]RabQMSSPNPLQZN[RcMUTLT[L`N[MNMUN[LdV[dTPQV eQMQYPMUMTNOLULVcYMQ_RMdTRfdUNOMSPQVNLLUZMNOMSROT[LdUSQLNM_MQSLQYLQ\RQNPLQMU Y[MONPQVNRY[QPgdRTZMT_LN[MTXRYNT[M\RNL_RdTRSNLVRN[ROahLORWM]XURZ^QL`URSVR

0122345678921 45



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

-./0123/45.1432

6!($)$)$)"7 !!!#!+,!))"!!)!

89:;?@ ABCCDEFGHBCIJFKHLMBENOPEAEBFCQ

01

23445678269 5 49 5

       !   " #  $ $  " % &  !$  !'(! $ )'(! $*! + ,-./0 "#   $ !$ (!   (!1    $   1"#       $$(!     !      $!"2!   ! 3!   456789:;;9683?

  !  @!     " A!   & B$ 1 ! $!! &     " '!      !  

 1!&    "# A   $1"A         !"

CDEEFGHIJKDEL MFNDOOPMQDFMIE FI FJDLMEC

&    !  "+ 1 ?   $  !@   " & #  "R!

 S  ! $ $$!!  " *   $!! " &  !$  "#T !    T  "# !  (! $ T  "# !" U$ 1     !?  ! @!   $  $" #!$ !&    !   @ 1!" )   3     V #T    $ ?    "#            SS ! $ 

 1"#!$ $  $?  $!!  "A $   ! $ 1"

0122345678921 45



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

0123456 7

89   !"#""$"%&&"'"$'%&&"$" $&"""'"$" $""( ")*!+ " "!%"#!'##""!("#$($"&&%"+ $"'", '"$""-"'. ")/$("#""$""&! (!$&$&(&!"'  '0'&1($")2""$"" '"""'!""$ '" $""'!$&&0""%$ """(($"$0!(&$" "")3"' (!""("($"'")4$"$$""'&!5"' "#""$""$""'&"""" ()/"'"($" "!# $ "' "%$", '&"$""" %&"&&("$""&"""# ('$"'!$ #" %!("#$)6&&!"0" #!, '!("#&!'#,$&(! &'"%"""!("#$"&"&! "$"!"$ $&&!) 7""&#"6"8#"'"9!"&!):&"" '$%"&" ("$&"("#$(&"8"'$&($"'"" &%!"%"&" &%'$("$"'"'"$"$%"# '$"$"",$"&'"$0"" "$"!+ "$"$&!&!5"#"$''""6"8#"'"9"")

;2/,?%@- '-

"-

!-

!@- A/B?%@-

-

@-

!$



CDEFGH IJKK LMNOPQRSTUVTWNMSTXUYZ[MU\UTRWQRWN]MSXU^_XST`XaS`TNRSTUVTWNMSTSUTRWONRT VXbTcWXaRMdSTUSaX]XRcT]eSNbTOXaTUZOXac^ fXgPUNh`Si] \UMWTjSMSNXR^

klmnolpqmropsrppsmtopmuqmktrpmpumoksrnpvuomkvwxylozmunm{|}t~psmunpqlzmtn kl€o}pstnklmnolpqmropsmtopmuqmktrpmpumoktnkl€oxsmlo{|€r|~lupsmtopmuqmkt‚ rpmpumokplpvuovwtnplƒulnnrotopmuqmktrpmplw}rokpsmlo{|€r|~lupsmtopmuqmktrpm pumokplpvuokl€otnplƒulnnrotopmuqmktrpm„lpplqx…orkktptlo}t~psmtopmuqmktrpm pumoktnvwrokpsmqru†mpqr†mnrotopmuqmktrpmn€to‡kl€opsrpklmnolppr†mlvp psmwumztlvntopmuqmktrpmn€to‡„lpplq}pstntnrƒluumƒptlox…~psmtopmuqmktrpmpumoktn kl€orokpsmqru†mpqr†mnrotopmuqmktrpmn€to‡vwpsrpklmnolppr†mlvppsmwumzt‚ lvntopmuqmktrpmn€to‡plw}pstntnr{nlrƒluumƒptloxˆqru†mptnƒlqwlnmkl~p€lp|wmn l~vwrokkl€oqlzmnxsmtopmuqmktrpmn€to‡ƒsrupkur€nrppmoptloplpsmnmp|wmnl~ qlzmn„|tkmopt~|to‡pumokto‡vwqlzmnrokƒluumƒpto‡vwqlzmn}rn€m{{rnpumokto‡ kl€oqlzmnrokƒluumƒpto‡kl€oqlzmnx …onvqqru|}€smotqw{mqmopto‡psmtopmuqmktrpmn€to‡ƒsrup}psmror{|nptnqmum{| ~l{{l€to‡psmp€l‚„ruvwrokkl€oqlzmqmopnl~psmqru†mp‰Št‡vum‹xŒŽxsmtopmunmƒ‚ ptlol~romnpr„{tnsmkkl€opumokto‡{tom€tpsrom€vwpumokto‡{tomtnrotopmuqmktrpm n€to‡„lpplqxsmtopmunmƒptlol~romnpr„{tnsmkvwpumokto‡{tom€tpsrom€kl€opumok‚ to‡{tomtnrotopmuqmktrpmn€to‡plwxsmƒlq„torptlol~topmuqmktrpmn€to‡plwnrok „lpplqn~luqnpsmtopmuqmktrpmpumoktoktƒrpluƒsrupxsmƒulnnto‡l~rotopmuqmktrpm n€to‡plwƒsro‡mnpsmtopmuqmktrpmpumokplvwxsmwmompurptlol~rotopmuqmktrpmpumok

01 ./ 0/ 1/ 2/

23445678269 5 49 5

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

./

10712

0/ 2.725

1/

28733

2/

2/701

3/

3/

447.3

4/

4/

5/

55768

9/.

%#9/.

:;,9/.

9/.

9/8

6733

%#9/8

5/

:;,9/8



?@ABCD EFGH IJJKLM9NOJPQJRSTOJUPVWXTPYZSN[ \TPO]4\JSNOJPQJRSTOJOPJNR^\TPOS[NUPJ_ O\JQSNUPUP`WaTPQUbJ_TNRcU^d_J_UNO\JVWaTPQUbJ_]

UeMPS[\Of^ 4PTRJYOTOSUN]

ghiihjklmnopqilprnipsjptrmipispntihthunvwlpjmsxpirqkhjyhqpthzrnipsjptrmip {yispntq|rnipsjptrmipthunispntq|mntrnipsjptrmipispntkhsspkirhnqv

}~@€CD @@‚~€ƒC

„zipsqi{t…rnoilpjrnhsmntrnipsjptrmipqurnoklmsiqmnt†pmsnrnoqhjphzilprsmt‡ ˆmnimopqmnttrqmtˆmnimopq|ilpmnm†…qijm…nmi{sm††…gptsmunihilpjmrnqurnoklmsiv „zipsgprnojmtpmumsphzilpp‰ropnkrpqsp†mirnoihismtrnoilpjrnhsispntklmsimnt p‰ypsrpnkrnoilpsp†mirˆppmqphz{qrnoilprnipsjptrmipispntklmsi|ilpismtpsjm…umni ihtpˆp†hymnrntrkmihszhsm†hnops‡ipsjˆrpuhzilpjmsxpivŠlr†pilpjrnhsispntrn‡ trkmihsrqilpjhqimkirˆp|zh††huptg…ilprnipsjptrmipispntrntrkmihs|ilpjmrnispnt rntrkmihsrqilp†pmqimkirˆpvwlrqthpqnhinpkpqqmsr†…jmxprigpiips|lhupˆps|mqilp hg‹pkirˆphzkspmirnoilpqpklmsiqrqihismtpzhsyshŒiqvwlpjrnhsispntklmsilmqihh jmn…q{ttpnklmnopqrnispntm†hnourillrolismtrnokhqiq|ulr†pilpjmrnispntklmsi lmq†huismtrnokhqiqrnipsjqhzkhjjrqqrhnq|g{ilrolkhqiqrnipsjqhzjrqqpthyyhs‡ i{nrirpqvwlpgpqium…ih{qpilrqklmsirqrnkhn‹{nkirhnurililprnipsjptrmipispntrntr‡ kmihsvhsp‰mjy†p|rnmg{††jmsxpimqtpipsjrnptg…ilpjmrnispntklmsiŽro{spv‘’| rirqgpiipsih{qpilprnipsjptrmipispntrntrkmihszhsg{…rnohyyhsi{nrirpqzh††hurno

0122345674358958 12 4 142



 !"#$!%##&'#(#$)*             

            





+)",## # # -.",## # # +)*,# # # #/01,##

234564789:6;8?

@ABCDE FGH IJKLMNOPQJNRNSLTULTKVJWMNXNMY ZK[\]NKVS^JW_`abbc`daebJLT`fabdaR\S WNSLTgKLShKggYMiSTMhLXMggMhKL[W\NSSVML^SVjWKiSgMhSNPgMh^a kMlmNK[\WnV RNJTSoWJWKMLa

pqrrsptuqvwxyqvzsrws{|}uv~s~r€~rst~w‚stsr€uvs‚|tƒs€~uvtrsv‚uv‚up~tqr}utuw sttsrtq„wstƒsuvtsr€s‚u~tstrsv‚uv‚up~tqrtqsvtsrtƒs€~rst…q{{q†uv‡pqrrsptuqvwx ˆƒspqvwtr„ptuqvq…tƒs€~uvtrsv‚pƒ~rtwƒq„{‚vqtstrs~ts‚{u‡ƒt{|}~wtƒs€~uvtrsv‚ q…szsr|€~rstwƒq„{‚stƒstr~‚sr‰wŠru€~r|pqvpsrvx ˆqs~{stq~v~{|‹s~€~rst~v‚tr~‚sw„ppsww…„{{|}tƒs~v~{|wt€„wtpqvwtr„pttƒs €~uvtrsv‚pƒ~rt}tƒsuvtsr€s‚u~tstrsv‚pƒ~rt}~v‚tƒs€uvqrtrsv‚pƒ~rtxˆƒsw†uv‡wq… tƒswƒqrtsrŒtsr€pƒ~rtw€~s„Štƒsw†uv‡wq…tƒs{qv‡srŒtsr€pƒ~rtwxƒu{ss~pƒpƒ~rt ƒ~wutw~‚z~vt~‡sw~v‚‚uw~‚z~vt~‡sw}pq€uvuv‡tƒspƒ~rtwtq‡svsr~tstr~‚swuwtƒsswt „wsq…tƒswspƒ~rtwxˆƒsswt†~|tq„wstƒswspƒ~rtwuwtq~{†~|wtr~‚suvtƒs‚ursptuqv q…tƒs€~uvtrsv‚Ž„wstƒsuvtsr€s‚u~tstrsv‚pƒ~rttqsvtsr~v‚suttƒs€~rstuvtƒs ‚ursptuqvq…tƒs€~uvtrsv‚Ž~v‚tƒs€qrs~‡‡rswwuzstr~‚srwp~v„wstƒs€uvqrtrsv‚ pƒ~rttqtru‡‡sr„|w~v‚ws{{wuvtƒs‚ursptuqvq…tƒsuvtsr€s‚u~ts~v‚€~uvtrsv‚wxq vqt„ws~v|qvspƒ~rt~wtƒswq{srs…srsvps…qrtr~‚uv‡x‘ws~pq€uv~tuqvq…tƒspƒ~rtw uvtƒs‚ursptuqvq…tƒs€~uvtrsv‚x’q{{q†uv‡tƒsŠrqŠsrpqvwtr„ptuqvq…tƒs€~uvtrsv‚ pƒ~rt}tƒstr~‚sr†u{{ƒ~zss…qrsƒu€~pƒ~rttƒ~twƒq†ws~pƒ€~uvtqŠ~v‚€~uvqttq€ ~v‚tƒs‚~ts†ƒsvs~pƒ€~uvtqŠ~v‚€~uvqttq€“’u‡„rs”x•–—qpp„rrs‚x˜v~‚‚utuqv} ƒs†u{{s~{stq‚stsr€uvs†ƒsv€~uvtrsv‚pƒ~v‡swƒ~zst~svŠ{~ps~v‚tƒs‚„r~tuqv q…tƒs€~uvw†uv‡wuvtsr€wq…Šrups~v‚tu€sx’rq€tƒuwuv…qr€~tuqv~wu€Š{str~‚uv‡ w|wts€p~vs‚szs{qŠs‚x

01

23445678269 5 49 5

23 #$%&'(')*'+&,,-%'#).)*+'/'+-0,1

23

22

22

2

2

2

2

2

2



 !

!"







 



'

"'

'

' 45678 '"'

'

'

!



9:; ?@AB CDEFGHIJCGKLDEMJFNNFOPQGFO RFL2GDSTPCNUVWXYZ8UVWX[Y8CE\UVW]UUV3 ^DM^_GDST`TSFOTPCOCDENF_L^TEN^TOCGaTN_FPNPN^GTTSFEPTSbNDcTdFLTGIdFLPV

F_eGDM^NfS 4GC\TKNCNDFEV

ghijklmjnompjiqirj

stuvwxywz{tu|}tu~vy{xv{u€w|w‚xƒt‚wuxt„…xywz{tuxƒ†|{u‚€ƒxxƒz|„ƒ{u… xtzw†wtƒ‚‡tuƒ‚wxƒ{ˆƒt‚vƒu„|tƒu{€ƒx}ywxyw}w{w|†w{‰tu~wŠv‹|tˆw‹…ƒ„ xywzƒuxy‹…‡}ww‰‹…‡‚{t‹…‡ƒtux{‚{…vy{x|‡}wv{‹‹w{vyx{‚tu~xtzw†wtƒ‚{€{ Œt~wŽŽ‘ ’ywz{tu|}tu~vy{x„ƒ‹‹ƒ}|xywxyww“€{zƒˆwzwux|ƒ„xywz{‰wx„ƒz{‹ƒ} †tvww{vyxtzwxywz{‰wxz{‰w|{yt~yw“yt~yxy{uxyw†wˆtƒ|€{„ƒxywwvƒu|wv“ xtˆwxtzw†wtƒ‚|‡{z{tuxwu‚‹tuwzƒˆw|†„ƒzxyw‹ƒ}xyww€{|€{v‰xƒxywuw} yt~y’yt|{vxtƒuz{‰w|xyw‹ƒ}†tvw„ƒzxyww€{|€{v‰{z{tu€ƒxxƒzƒz{yt~y †tvww{vyxtzwxywz{‰wxz{‰w|{‹ƒ}w“‹ƒ}xy{uxyw†wˆtƒ|€{„ƒxywwvƒu|wv“ xtˆwxtzw†wtƒ‚|‡{z{tuxwu‚‹tuwzƒˆw|‚ƒ}u„ƒzxywyt~yxyww€{|€{v‰xƒxywuw} ‹ƒ}’yt|{vxtƒuz{‰w|xywyt~y†tvw„ƒzxyww€{|€{v‰{z{tuxƒ†’ywvƒz€tu{xtƒu ƒ„{z{tuxwu‚‹tuw„ƒz{z{tu€ƒxxƒz{u‚{z{tuxwu‚‹tuw„ƒz{z{tuxƒ†„ƒz|{ z{tu|}tu~’yt|t|tz†ƒx{uxtu„ƒz{xtƒu‡€wv{|w}ywu|xƒ††‹{vwzwuxt|‚t|v||w‚‡ x{‚w|}t‹‹€wxƒ‹‚xƒ†‹{vw|xƒ†|u‚wz{tu|}tu~€ƒxxƒz|‡uƒxu‚w‹ƒ}|‡{u‚ƒˆw z{tu|}tu~xƒ†|‡uƒxƒˆwyt~y|”w{u{u‚‰uƒ}xyw‚t„„wwuvw€wx}wwu{‹ƒ}{u‚{ z{tu|}tu~€ƒxxƒz‡{u‚{yt~y{u‚{z{tu|}tu~xƒ† •uvwxyw–|xz{tu|}tu~t|„ƒzw‚‡xywx{‚wv{u{uxtvt†{xw{vy{u~wtuxywz{tu xwu‚—„xywz{tu|}tu~vy{x€w~tu|„ƒzxyw–|xx{‚tu~zƒuxy‡}ww‰‡ƒ‚{…{u‚xyw

0122345674358958 12 4 142



326 =+)1#>#?@#A1BB%)#=?C?@=#D#A%&BE 324< 3248 !"#$%&'#()"'*#(+)',#+-#.!"'#(!" 324; $%)/"(#0)1,,",#%#$%&'#(1-2 3249 324: 324633 3246 3247:; 3244 3247 324566 324596 3243 3245;3 324 327< 327#*?@A?BCDEF=G"$H,IJ>,-$*" &*+($"&*"+($&*,K" *" )#&%"*" "L,#'   $  !#  !!   $?#' !!#    ! $ @ )!     )#!$>   )! #)!)!! $ A B' ''    !) #!$   !''  #  !  $ !  ! )!   )$ %! #      $ !'   ) $