michael toney seminar

8/10/2019 Michael Toney Seminar

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P jl N d btd W kttl b


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Prcjl Ncrpdcacoy wbtd Wgkttlrbeo

6 6-57, ncrl nbxlf, ikoolfP> 7-5:, ncrl accsl, nbxlf

B l l t \ b Kffbtb l PFPP MV9PG? JN


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Bnprcvlnlets \sbeo Kffbtbvls - PFPP:MV9PG?;JN

6?

Mbvl mcaf Lmmbgblegy Ledkeglnlet be PFPP:MV9PG ?; JN Kffbtbvls9

FBCCFVGaE

0% GaE9 PGL > 0.2%,Isg > -;.2, ]cg > 0.=2, MM > 0.= 0.= 0.=2

Rbu lt ka., IKGW :0;:, ;76, :;40

PFPP:MV9PG?;JN ;97

G;=

HK\WV & \G-JlrhlalyKake RbuIlrlny EbshkakCabvbk AllPblrrl JlkuiuolIlke Mrgdlt

J l f Wt gt l G PFPP MV


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Jalef Wtrugturl cm G;=-PFPP:MV

64

0.2%

7. :.?

PFPP:MV9 PG?;JN ;97

Bemaulegl ce Jalef Nbgrcstrugturl


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Bemaulegl ce Jalef Nbgrcstrugturl

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Kffbtbvl alkfs tc9 flgrlksl be pdksl slorloktlf fcnkbesbzl9 ;00s en -5 40 en ncrl betlrnbxlf betlrmkgls (snkaalr P)

Kffbtbvl 9snkaalr fcnkbes & ncrl betlrnbxlf fcnkbe betlrmkglrlsuats be jlttlr lxgbtce spabttbeo kef gdkrol slpkrktbce

_dkts tdl nlgdkebsn jldbef tdlsl gdkeols3

PFPP:MV9 PG?;JN

jalef jalef+FBC

jalef+CFV

jalef+GaE

Wtrugturl cm G;= PFPP:MV be scautbce


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Wtrugturl cm G;=-PFPP:MV be scautbce

7)gdkbes koorloktl lvle kt acw pcaynlr gcegletrktbces

jrckf plkh kt dbod q & sacplcm -; kpplkr wbtd begrlksbeo

gcegletrktbcekahya gdkbes gcrrlaktl alkfbtc aceolr stbmm gdkbe slonlmcrnktbce cm snkaa eugalb

BegrlkslfGcegletrktbce

Wtrugturl cm G;= PFPP:MV be scautbce


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Wtrugturl cm G;=-PFPP:MV be scautbce

5ec lmmlgt cm kffbtbv

Nlgdkebsn mcr G;= PFPP:MV


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Nlgdkebsn mcr G;=-PFPP:MV


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Wunnkry


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Jkghup

Nbgdkla Vcely


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Prcjbeo Wcabf Wtktl Mban kef Gkstbeo Wcautbce

Wcautbce WKTW

Wcabf Wtktl WKTW

q > (6 / ) sbe


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Kffbtbvls acwlr tdl eugalktbce jkrrblr mcr pcaynlr grystkaabzktbce karlkfy be scautbcealkfbeo tc k dbodlr eugalb gcegletrktbce

Kffbtbvls stkjbabzl PGJN koorloktls be scautbcealss sujstrktl lmmlgts ks grystkaabzktbce stkrts be scautbce alkfbeo tc k nbxlfcrbletktbce cm grystkaabtlsmkstlr grystkaabzktbce hbeltbgkaay trkps tdl systln rlsuatbeo be snkaalr kef ncrlbetlrnbxlf fcnkbes

Kffbtbvls obvl pcaynlr ncjbabty cvlr k prcaceolf mban frybeo prcglssbegrlkslf gcdlrlegl aleotd kef grystkaabebty

Nbgdkla Vcely

Gcegausbce

w/c kffbtbvls9 w/ kffbtbvls9

Nbgrcstrugturl


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Pcrcf lxpcelet (mrkgtka betlrmkgl)9fbmmuslelss cm betlrmkgl jltwlle

fcnkbesP> 6-57, ncrl nbxlf, ikoolfP> 7-5:, ncrl accsl, nbxlfsdkpl cm pkrtbgal

\eflrstkefbeo tdl Pcrcf Lxpcelet


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OBTW


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Nbgdkla Vcely

Wtrugturl cm G;= -PFPP:MV be Wcautbce

kffbtbvls acwlr tdl grbtbgka gcegletrktbcemcr stbmm eugalb rlobcesstbmm rlobces :< enpcssbjay - plrsbstlegl aleotd begrlksls wbtdbegrlksbeo pcaynlr gcegletrktbce &kffbtbvls

plrsbstlegl aleotd mrcnbetlrslgtbce cm fbmmlrlet sacpls

=0

Crokebg Wlnbgcefugtcrs


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g g g

Wcnltdbeo ce plrmcrnkegl

Wnkaa Ncalguals Pcaynlrs

michael toney seminar

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