金元期货股指期货投资策略研究
































































 
 



 












 !"
#$%


&'


()$%


*+,


 


-,./



0$12


 !"
!"
 

!"


!"


!"

















 
!"#$ % &'()*#+,-./ 0123&456789:;/%<&)=>?7@A
BCDEFGHIJKLMNOPQRSTUVWXYZ [\]^P_`abcdHIFGef

 6ghihjbkl
m#no)8:;pq)=>?7@A
CDErstuACnDEvtwx?yzF{|$] &"#$0 $0 FGG                     ]}$ ~Ä Å3ÇÉÑÖÜáàâä%{|Üãåçéèêëíì#
îï2@$0 [ 
/0<&ñóããåëíòôöõëí úùûü†°ak¢
m#£§FG         G)*#+,Å3Ö•ÑÖáàâä%Ü
2@¶Ö&$]\ 
/ß[ <&Cx®©/\/\™ ́$ß %$™)8A:; ̈/%<&FGG




        


             ≠UÆØ }/ ∞±≤≥<+,∞`¥Vμ∂âKG)8∑∏K ]π8G∫ªß\º /ΩGGGGGGGGGGG 0π8G∫ªßÄ ]ΩGGGGGGGGGGG \π8GG∫ªÄ]]ÄΩGGGGGGGGGGG/$π8GG∫ª$%0%ΩGæ)`¥V∞μGGGGGGGGGGG ]ø 0GGG∫ªß\º /ΩGGGGGGGGGGG ]ø \GG∫ª$/ ]ΩGGGGGGGGGGG ]ø/$GG∫ª/Ä0%ΩGGGGGGGGGGG 0ø/$GG∫ª/0\/ΩG









                 
          G¿û/ 0ø8/ /$ø8// Äø8∞∑∏¡¬ ̈Kª/ Gß/G]0()+,√μ()+,øƒ)+,√μ()+,π8≈`¥VμF                           ! " # $ % & ' ( " ) ! " # $ % & ' ( " ) ! " # $ % & ' ( " ) ! " # $ % & ' ( " ) ∆P«»...]}$ :ì PÀÃÕ@©Œìœ–—“∞”‘’÷òâ◊ÿ


Ÿ”‘⁄¤‹›jfi–—cdfl‡©b7–—·“π–—‚¿∞„>‰Â{CÊÁËÈÍÎ>–—·“FG**** ! " + , - . / 0 ! " + , - . / 0 ! " + , - . / 0 ! " + , - . / 0 1111 2 3 4 5 6 7 8 92 3 4 5 6 7 8 92 3 4 5 6 7 8 92 3 4 5 6 7 8 9 GGG ̈ÏÌÓÔûâì∞ÒÚ>ŸQÄ Û⁄PÀÃ$ ìÙ ÒπÈıÚμ=>ˆ ̃ìœa& ̄f¡ ̄∞ ̆’7≥‚« ̇ ̊ÔÓÔ∞≥ ̧ ̋πã ̨ ̄f¡ ̄ÍÙ
Ê‹ÙÓÔFG*1*1*1*1 :  ; < =  ( > ? @:  ; < =  ( > ? @:  ; < =  ( > ? @:  ; < =  ( > ? @ GGG$  ∞ ∆ ÷ß[Ä0º [ 0º/[0 ^¤

Gçãå÷0[/%º [ º []ß^¤Gç ÷0[ ĺ [ %º [%0^¤GêÄ ∞úsbüVú/F Î!„"÷][%0ºª [ $ºª [$ ^¤ç#$%“÷Ä[ß\º [ /º [$\^¤Gç∆&ãå÷//[$\º [%]º%[Ä$^¤Gê∆)“'()±n£*s∞âFGAAAABBBBBBBB : C D E F G H I J K L M N: C D E F G H I J K L M N: C D E F G H I J K L M N: C D E F G H I J K L M N ]]b∆+,- }V.± $[%/01%}]]b∆+,-∞V/ [ßß/02;Ù(ß3FGOOOOP Q R /P Q R /P Q R /P Q R / 1S O1S O1S O1S O T U %T U %T U %T U % S VWS VWS VWS VW T XY ZT XY ZT XY ZT XY Z [[[[ XXXX4÷ /$00¤
cB56√7Ö89 ]}/\@d_ò:;∑Ä[$0®C4,/[0\/<F\ ] ^\ ] ^\ ] ^\ ] ^ ____
  ` a b c d
  ` a b c d
  ` a b c d
  ` a b c d eeeef  : g h i j   klf  : g h i j   klf  : g h i j   klf  : g h i j   kleeee; m N n o p; m N n o p; m N n o p; m N n o p eeeeq ; g h ( > rs t uv w xq ; g h ( > rs t uv w xq ; g h ( > rs t uv w xq ; g h ( > rs t uv w x eeeeq  q  q  q   h yh yh yh y rrrrz {z {z {z { | }| }| }| } ~~~~kkkkllllC ÄC ÄC ÄC Ä Z (Z (Z (Z ( rrrruuuuÅÅÅÅÇÇÇÇÉ Ñ Ö Ü á à â ä ã Ö Ü åÉ Ñ Ö Ü á à â ä ã Ö Ü åÉ Ñ Ö Ü á à â ä ã Ö Ü åÉ Ñ Ö Ü á à â ä ã Ö Ü å 
ç éç éç éç é ____è êè êè êè ê ë ë ë ë í ì Pí ì Pí ì Pí ì P S *ëS *ëS *ëS *ë =>?μ]}$]@AHIGNVBcUCmD7OPc2Ö ́ b3EFGH<IJ
FQRSTK‹))òôLMŒN


OPQRêHIScdTUV¢W ̈XySYáÙZ[\]N∞^FGO_?μ]}$ / ` ÷=>?μ]}$] ß` ¤YZ ̄“;
/ [0\&2@/ º%$%[%/& ú [\]^abZcde+
$\[\ &2@$º$\ [ßÄ& ú/[/\^afflgh% 
/$[Ä%&2@/º//%[ /& ú/[/$^FG****îîîî 1111 F0 m ï ñ H UF0 m ï ñ H UF0 m ï ñ H UF0 m ï ñ H U *S 1ë*S 1ë*S 1ë*S 1ë ó ò ó ò ó ò ó ò  =>?μ]}$ iμOP«»ì∞Ukl }OPQRST∞jk@))F û%}∞SglmânoîpqFOPrÀ ̧s }∞QRSgt®u$Ä[ ^FvOÊ[∞Sg® ́ÄÄwxFGBBBB FFFF ****1111  ô ö  ô ö  ô ö  ô ö  VVVV õ ú % ùõ ú % ùõ ú % ùõ ú % ùûüûüûüûü____