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src="images/img_front/boursecenter.gif" alt="boursecenter" width="88" height="31"></a></td>   </center>               <td width="482" height="29">                 <div align="center">                   <table border="0" cellspacing="1" width="100%">                     <tr>                       <td width="10%">                         <p align="center"> 	       	    </td>                      </tr>                   </table>                 </div>             </td>             </tr>           </table>         </div>       </td>     </tr>   </table> </div>        </td>       <td width="4" height="20"></td>   </tr>     <tr>       <td width="4"><img border="0" src="images/blank.gif" width="1" height="1"></td>       <td width="180" align="center" height="20">       </td>       <td width="4" align="center"><img border="0" src="images/blank.gif" width="1" height="1"></td>       <td width="230" align="center" height="5">       </td>       <td width="4" align="center"></td>       <td width="180" align="center">       </td>       <td width="4"><img border="0" src="images/blank.gif" width="1" height="1"></td>     </tr>     <tr>       <td width="4" rowspan="2" bgcolor="#3366CC"><img border="0" src="images/blank.gif" width="1" height="1"></td>       <td width="180" valign="top" align="left">         <div align="left">           <table border="0" cellpadding="0" cellspacing="0" width="100%">             <tr>               <td height="3" bgcolor="#3366CC" width="100%"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>           </table>         </div>         <div align="center">           <table border="0" cellpadding="0" cellspacing="0" width="100%">             <tr>               <td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>               <td width="100%">&nbsp;<img border="0" src="images/main_initiation.gif" width="167" height="20"></td>             </tr>             <tr>               <td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>               <td width="100%" height="20">                 <p style="margin-top: 1; margin-bottom: 1">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_init0" width="13" height="13">                 <a href="Initiation/init_0.htm" onMouseOver="AllumeEuro('euro_init0');" onMouseOut="EteintEuro('euro_init0');" target="_top">Comment                 Epargner ?</a></p>               </td>             </tr>             <tr>               <td width="100%" height="19">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_init1" width="13" height="13">                 <a href="Initiation/init_1.htm" onMouseOver="AllumeEuro('euro_init1');" onMouseOut="EteintEuro('euro_init1');" target="_top">C'est                 quoi la bourse ?</a></td>             </tr>             <tr>               <td width="100%" height="20">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_init2" width="13" height="13">                 <a href="Initiation/init_2.htm" onMouseOver="AllumeEuro('euro_init2');" onMouseOut="EteintEuro('euro_init2');" target="_top">Introduction                 en bourse</a></td>             </tr>             <tr>               <td width="100%" height="20">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_init3" width="13" height="13">                 <a href="Initiation/init_3.htm" onMouseOver="AllumeEuro('euro_init3');" onMouseOut="EteintEuro('euro_init3');" target="_top">Sources                 de financement</a></td>             </tr>             <tr>               <td width="100%" height="20">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_init4" width="13" height="13">                 <a href="Initiation/init_4.htm" onMouseOver="AllumeEuro('euro_init4');" onMouseOut="EteintEuro('euro_init4');" target="_top">Organisation                 du march</a></td>             </tr>             <tr>               <td width="100%" height="20">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_init5" width="13" height="13">                 <a href="Initiation/init_5.htm" onMouseOver="AllumeEuro('euro_init5');" onMouseOut="EteintEuro('euro_init5');" target="_top">L'pargnant...</a></td>             </tr>             <tr>               <td width="100%" height="20">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_init6" width="13" height="13">                 <a href="Initiation/init_6.htm" onMouseOver="AllumeEuro('euro_init6');" onMouseOut="EteintEuro('euro_init6');" target="_top">La                 cotation des valeurs</a></td>             </tr>             <tr>               <td width="100%" height="20">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_init7" width="13" height="13">                 <a href="Initiation/init_7.htm" onMouseOver="AllumeEuro('euro_init7');" onMouseOut="EteintEuro('euro_init7');" target="_top">Les                 indices boursiers</a></td>             </tr>             <tr>               <td width="100%" height="20">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_init8" width="13" height="13">                 <a href="Initiation/init_8.htm" onMouseOver="AllumeEuro('euro_init8');" onMouseOut="EteintEuro('euro_init8');" target="_top">Les                 ordres en bourse</a></td>             </tr>             <tr>               <td width="100%" height="20">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_init9" width="13" height="13">                 <a href="Initiation/init_9.htm" onMouseOver="AllumeEuro('euro_init9');" onMouseOut="EteintEuro('euro_init9');" target="_top">Les                 frais en bourse</a></td>             </tr>             <tr>               <td width="100%" height="20">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_init10" width="13" height="13">                 <a href="Initiation/init_10.htm" onMouseOver="AllumeEuro('euro_init10');" onMouseOut="EteintEuro('euro_init10');" target="_top">La                 bourse dans le monde</a></td>             </tr>             <tr>               <td width="100%" height="20">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_init11" width="13" height="13">                 <a href="Initiation/init_11.htm" onMouseOver="AllumeEuro('euro_init11');" onMouseOut="EteintEuro('euro_init11');" target="_top">Interactions                 conomique</a></td>             </tr>             <tr>               <td width="100%" height="20"></td>             </tr>           </table>         </div>         <div align="center">           <table border="0" cellpadding="0" cellspacing="0" width="100%">             <tr>               <td width="100%" bgcolor="#3366CC" height="3"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>           </table>         </div>         <div align="center">           <table border="0" cellpadding="0" cellspacing="0" width="100%">             <tr>               <td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>               <td width="100%">&nbsp;<img border="0" src="images/main_Action.gif" width="167" height="20"></td>             </tr>             <tr>               <td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr> 				<td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_A2a" width="13" height="13">                   <a href="Marche_Action/Typologie/actions.htm" onMouseOver="AllumeEuro(&quot;euro_A2a&quot;,'cocher_A2');" onMouseOut="EteintEuro(&quot;euro_A2a&quot;,'cocher_A2');" target="_top">Types d'actions</a></td>             </tr>             <tr> 				<td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_A2b" width="13" height="13">                   <a href="Marche_Action/Les_marches/Act_cotoffi.htm" onMouseOver="AllumeEuro(&quot;euro_A2b&quot;,'cocher_A2');" onMouseOut="EteintEuro(&quot;euro_A2b&quot;,'cocher_A2');" target="_top">Types de marchs</a></td>             </tr>             <tr> 				<td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_A2c" width="13" height="13">                   <a href="Marche_Action/Negociation/ordres.htm" onMouseOver="AllumeEuro(&quot;euro_A2c&quot;,'cocher_A2');" onMouseOut="EteintEuro(&quot;euro_A2c&quot;,'cocher_A2');" target="_top">Types d'ordres</a>                  </td>             </tr>             <tr> 				<td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_A2d" width="13" height="13">                   <a href="Marche_Action/indice_cac40/indice_quoi.htm" onMouseOver="AllumeEuro(&quot;euro_A2d&quot;,'cocher_A2');" onMouseOut="EteintEuro(&quot;euro_A2d&quot;,'cocher_A2');" target="_top">L'indice CAC40</a></td>             </tr>             <tr> 				<td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_A2e" width="13" height="13">                   <a href="Obligations/Typologie/obligations_def.htm" onMouseOver="AllumeEuro(&quot;euro_A2e&quot;,'cocher_A2');" onMouseOut="EteintEuro(&quot;euro_A2e&quot;,'cocher_A2');" target="_top">Et                   les Obligations</a></td>             </tr>             <tr>                 <td width="100%" height="20"></td>             </tr>           </table>         </div>         <div align="center">           <table border="0" cellpadding="0" cellspacing="0" width="100%">             <tr>               <td width="100%" bgcolor="#3366CC" height="3"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>               <td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>               <td width="100%">&nbsp;<img border="0" src="images/main_pds_derives.gif" width="167" height="20"></td>             </tr>             <tr>               <td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_C1a" width="13" height="13">                   <a href="Produits_derives/Options/opt_definition.htm" onMouseOver="AllumeEuro(&quot;euro_C1a&quot;, 'cocher_C1');" onMouseOut="EteintEuro(&quot;euro_C1a&quot;, 'cocher_C1');" target="_top">Options</a></td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_C1b" width="13" height="13">                   <a href="Warrants/war_def.htm" onMouseOver="AllumeEuro('euro_C1b', 'cocher_C1');" onMouseOut="EteintEuro('euro_C1b', 'cocher_C1');" target="_top">Warrants</a></td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_Exo" width="13" height="13">                   <a href="Produits_derives/Options_Exo/exo_intro.htm" onMouseOver="AllumeEuro('euro_Exo');" onMouseOut="EteintEuro('euro_Exo');" target="_top">Options                   Exotiques</a>                   <div align="center">                     <center>                     <table border="0" cellpadding="0" cellspacing="0" width="167">                       <tr>                         <td width="13"></td>                         <td width="150"><font color="#FF0000">-</font> <a href="Produits_derives/Options_Exo/exo_lookBack.htm" target="_top">LookBack                           Option</a></td>                       </tr>                     </table>                     </center>                   </div>                 </td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_convexiteStrikes" width="13" height="13">                   <a href="Produits_derives/Trading/convexiteStrikes.htm" onMouseOver="AllumeEuro('euro_convexiteStrikes');" onMouseOut="EteintEuro('euro_convexiteStrikes');" target="_top">Convexit                   des strikes</a>                    <div align="left">                     <table border="0" cellpadding="0" cellspacing="0" width="100%">                       <tr>                         <td width="5%"></td>                         <td width="95%"><font face="MS Sans Serif" size="1">Petite                           astuce pour valuer rapidement la chert d'une                           option.</font></td>                       </tr>                     </table>                   </div>                 </td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_pricer" width="13" height="13">                   <a href="Produits_derives/Options/pricer.htm" onMouseOver="AllumeEuro('euro_pricer');" onMouseOut="EteintEuro('euro_pricer');" target="_top">Pricer                   d'options</a>                 </td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_greeks" width="13" height="13">                   <a href="Produits_derives/Volatilite/vol_greeks.htm" onMouseOver="AllumeEuro('euro_greeks');" onMouseOut="EteintEuro('euro_greeks');" target="_top">Indicateurs                   : Grecs </a>                    <div align="left">                     <table border="0" cellpadding="0" cellspacing="0" width="100%">                       <tr>                         <td width="5%"></td>                         <td width="95%"><font size="1" face="MS Sans Serif"><font color="#FF0000">Delta</font>,                           <font color="#FF0000">Vga</font>, <font color="#FF0000">Gamma</font>,                           <font color="#FF0000">Thta</font>... Ces indicateurs                           ont un rle essentiel dans l'analyse des produits                           drivs</font></td>                       </tr>                     </table>                   </div>                 </td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_BS" width="13" height="13">                   <a href="Produits_derives/Hedging/blackScholes.htm" onMouseOver="AllumeEuro('euro_BS');" onMouseOut="EteintEuro('euro_BS');" target="_top">Black                   &amp; Scholes</a>                   <div align="left">                     <table border="0" cellpadding="0" cellspacing="0" width="100%">                       <tr>                         <td width="5%"></td>                         <td width="95%"><font face="MS Sans Serif" size="1">Sans doute le modle le plus rpandu pour dfinir le prix d'une option... Explication !</font></td>                       </tr>                     </table>                   </div>                 </td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_CRR" width="13" height="13">                   <a href="Produits_derives/Hedging/CoxRossRubinstein.htm" onMouseOver="AllumeEuro('euro_CRR');" onMouseOut="EteintEuro('euro_CRR');" target="_top">CoxRossRubinstein</a>                   <div align="left">                     <table border="0" cellpadding="0" cellspacing="0" width="100%">                       <tr>                         <td width="5%"></td>                         <td width="95%"><font face="MS Sans Serif" size="1">Une                           alternative au modle tant critiqu de Black &amp;                           Scholes pour modliser le prix d'une option !</font></td>                       </tr>                     </table>                   </div>                 </td>             </tr>             <tr>                 <td width="100%" height="20"></td>             </tr>             <tr>               <td width="100%" bgcolor="#3366CC" height="3"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>           </table>         </div>         <div align="center">           <table border="0" cellpadding="0" cellspacing="0" width="100%">             <tr>               <td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>               <td width="100%">&nbsp;<img border="0" src="images/main_tendance.gif" width="167" height="20"></td>             </tr>             <tr>               <td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_whybouygues" width="13" height="13">                   <a href="http://www.comprendrelabourse.com" onMouseOver="AllumeEuro('euro_whybouygues');" onMouseOut="EteintEuro('euro_whybouygues');" target="_top">Indicateurs                   - Prvisions</a>                   <div align="center">                     <table border="0" width="100%" cellspacing="0" cellpadding="0">                       <tr>                         <td width="4%"></td>                         <td width="96%"><font face="Arial Narrow" size="2">Consultez                           le tableau de bord des indicateurs de la semaine.&nbsp; </font>                         </td>                       </tr>                     </table>                   </div>                 </td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_txchomage" width="13" height="13">                   <a href="tendances/tx_chomage.htm" onMouseOver="AllumeEuro('euro_txchomage');" onMouseOut="EteintEuro('euro_txchomage');" target="_top">Taux                   de chmage</a>                 </td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_pib" width="13" height="13">                   <a href="tendances/PIB.htm" onMouseOver="AllumeEuro('euro_pib');" onMouseOut="EteintEuro('euro_pib');" target="_top">P                   I B</a>                 </td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_bal_co" width="13" height="13">                   <a href="tendances/balance_co.htm" onMouseOver="AllumeEuro('euro_bal_co');" onMouseOut="EteintEuro('euro_bal_co');" target="_top">Balance                   Commerciale</a>                   <div align="left">                     <table border="0" cellpadding="0" cellspacing="0" width="100%">                       <tr>                         <td width="4%"></td>                         <td width="96%"><font face="Arial Narrow" size="2">Excdentaire                           ou dficitaire... Quelles interprtations ? </font>                         </td>                       </tr>                     </table>                   </div>                 </td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_whyeuro" width="13" height="13">                   <a href="tendances/cpi.htm" onMouseOver="AllumeEuro('euro_whyeuro');" onMouseOut="EteintEuro('euro_whyeuro');" target="_top">Indice                   C.P.I</a>                   <div align="left">                     <table border="0" cellpadding="0" cellspacing="0" width="100%">                       <tr>                         <td width="4%"></td>                         <td width="96%"><font face="Arial Narrow" size="2">Comment                           interprter l'<font color="#FF0000">indice des prix  la consommation</font> ?</font></td>                       </tr>                     </table>                   </div>                 </td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_exUsinor" width="13" height="13">                   <a href="tendances/usinor.htm" onMouseOver="AllumeEuro('euro_exUsinor');" onMouseOut="EteintEuro('euro_exUsinor');" target="_top">Exemple                   : Usinor</a>                   <div align="left">                     <table border="0" cellpadding="0" cellspacing="0" width="100%">                       <tr>                         <td width="4%"></td>                         <td width="96%"><font face="Arial Narrow" size="2">Usinor                           revient ?</font></td>                       </tr>                     </table>                   </div>                 </td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_exemple2" width="13" height="13">                   <a href="tendances/renault.htm" onMouseOver="AllumeEuro('euro_exemple2');" onMouseOut="EteintEuro('euro_exemple2');" target="_top">Exemple                   : Renault</a>                   <div align="left">                     <table border="0" cellpadding="0" cellspacing="0" width="100%">                       <tr>                         <td width="4%"></td>                         <td width="96%"><font face="Arial Narrow" size="2">Renault                           monte en puissance...</font></td>                       </tr>                     </table>                   </div>                 </td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_exemple" width="13" height="13">                   <a href="tendances/vivendi.htm" onMouseOver="AllumeEuro('euro_exemple');" onMouseOut="EteintEuro('euro_exemple');" target="_top">Exemple                   : Vivendi</a>                   <div align="left">                     <table border="0" cellpadding="0" cellspacing="0" width="100%">                       <tr>                         <td width="4%"></td>                         <td width="96%"><font face="Arial Narrow" size="2">Vivendi                           : la stratgie !</font></td>                       </tr>                     </table>                   </div>                 </td>             </tr>             <tr>               <td width="100%" height="20">               </td>             </tr>             <tr>               <td width="100%" height="3"></td>             </tr>           </table>         </div>       </td>       <td width="4" rowspan="2" bgcolor="#3366CC"><img border="0" src="images/blank.gif" width="1" height="1"></td>       <td width="230" valign="top" align="left">         <div align="center">           <table border="0" cellpadding="0" cellspacing="0" width="100%">             <tr>               <td bgcolor="#3366CC" height="3"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>           </table>         </div>         <div align="center">           <table border="0" cellpadding="0" cellspacing="0" width="100%">             <tr>               <td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>               <td width="100%"></td>             </tr>             <tr>                 <td width="100%">                   <form method="POST" action="_derived/nortbots.htm" webbot-action="--WEBBOT-SELF--" onSubmit="location.href='_derived/nortbots.htm';return false;" WEBBOT-onSubmit>                     <p align="center" style="margin-top: 1; margin-bottom: 1"><select size="1" name="optEssentiel" onChange='essentiel(optEssentiel)'>                       <option selected>-----------L ' ESSENTIEL-----------</option>                       <option value="Marche_Action/Typologie/actions.htm">Actions</option>                       <option value="Initiation/init_4.htm">Marchs</option>                       <option value="Initiation/init_6.htm">Cotations</option>                       <option value="Marche_Action/Negociation/ordres.htm">Ordres</option>                       <option value="Initiation/init_7.htm">Indices</option>                       <option value="Warrants/war_def.htm">Warrants</option>                       <option value="Analyse/AnalyseTechnique/anaTech_pres.htm">Analyse                       Technique</option>                     </select></p>                   </form>                 </td>             </tr>             <tr>                 <td width="100%" height="0">                 </td>             </tr>             <tr>                 <td width="100%" height="0">                 <p align="center">                 </td>             </tr>           </table>         </div>         <div align="center">           <table border="0" cellpadding="0" cellspacing="0" width="100%">             <tr>               <td width="100%" bgcolor="#3366CC" height="3"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>               <td width="100%"></td>             </tr>             <tr>               <td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>               <td width="100%">&nbsp;<img border="0" src="images/main_volatilite.gif" width="167" height="20"></td>             </tr>             <tr>               <td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_detectionVol" width="13" height="13">                   <a href="Produits_derives/Volatilite/detectionVol.htm" onMouseOver="AllumeEuro('euro_detectionVol');" onMouseOut="EteintEuro('euro_detectionVol');" target="_top">Dtecter                   les titres volatils</a>                    <div align="left">                     <table border="0" cellpadding="0" cellspacing="0" width="100%">                       <tr>                         <td width="5%"></td>                         <td width="95%"><font size="2" face="Arial Narrow">Mondialisation,                           mise en place de l'euro... dcouvrez les facteurs qui                           amplifient la volatilit des marchs.</font>                         </td>                       </tr>                     </table>                   </div>                 </td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_utilisationVolHisto" width="13" height="13">                   <a href="Produits_derives/Volatilite/utilisation_vol_histo.htm" onMouseOver="AllumeEuro('euro_utilisationVolHisto');" onMouseOut="EteintEuro('euro_utilisationVolHisto');" target="_top">Utiliser                   la volatilit historique...</a>                    <div align="left">                     <table border="0" cellpadding="0" cellspacing="0" width="100%">                       <tr>                         <td width="5%"></td>                         <td width="95%"><font size="1" face="MS Sans Serif">Essayons de                           <font color="#FF0000"> comprendre l'utilit</font> d'un tel outil dans le monde financier, aussi bien au niveau des salles de march que des services de gestion de                           portefeuilles...</font></td>                       </tr>                     </table>                   </div>                 </td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_volHisto" width="13" height="13">                   <a href="Produits_derives/Volatilite/vol_histo.htm" onMouseOver="AllumeEuro('euro_volHisto');" onMouseOut="EteintEuro('euro_volHisto');" target="_top">Volatilit                   historique</a>                     <div align="left">                     <table border="0" cellpadding="0" cellspacing="0" width="100%">                       <tr>                         <td width="5%"></td>                         <td width="95%"><font face="MS Sans Serif" size="1">Certainement                           loutil le plus connu pour mesurer une <font color="#FF0000"> dispersion</font>...</font></td>                       </tr>                     </table>                   </div>                   &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_volImpliBS" width="13" height="13">                   <a href="Produits_derives/Volatilite/vol_impli_BS.htm" onMouseOver="AllumeEuro('euro_volImpliBS');" onMouseOut="EteintEuro('euro_volImpliBS');" target="_top">Volatilit                   implicite - B &amp; S</a>                     <div align="left">                     <table border="0" cellpadding="0" cellspacing="0" width="100%">                       <tr>                         <td width="5%"></td>                         <td width="95%"><font face="MS Sans Serif" size="1">Dcouvrez                           comment on inverse le modle de Black &amp; Scholes                           afin d'obtenir puis exploiter la <font color="#FF0000">volatilit</font>                           implicite...</font></td>                       </tr>                     </table>                   </div>                 </td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_oblConv1" width="13" height="13">                   <a href="Obligations/Typologie/obligations_convPricing1.htm" onMouseOver="AllumeEuro('euro_oblConv1');" onMouseOut="EteintEuro('euro_oblConv1');" target="_top">Obligations                   Convertibles</a>                   <div align="left">                     <table border="0" cellpadding="0" cellspacing="0" width="100%">                       <tr>                         <td width="5%"></td>                         <td width="95%"><font face="MS Sans Serif" size="1">Paradoxalement,                           le modle d'valuation des obligations convertibles                           est plus proche de celui des <font color="#FF0000"> options</font> que de celui des                           obligations...&nbsp; A tudier !</font></td>                       </tr>                     </table>                   </div>                 </td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_volImpli" width="13" height="13">                   <a href="Produits_derives/Volatilite/vol_impli.htm" onMouseOver="AllumeEuro('euro_volImpli');" onMouseOut="EteintEuro('euro_volImpli');" target="_top">Volatilit                   implicite - Smile</a>                   <div align="left">                     <table border="0" cellpadding="0" cellspacing="0" width="100%">                       <tr>                         <td width="5%"></td>                         <td width="95%"><font face="MS Sans Serif" size="1">Contrairement                            la volatilit historique, la volatilit implicite                           inclue les anticipations des marchs... Dcouvrez                           cet outil au coeur du <font color="#FF0000">Trading                           volatiliste</font> !</font></td>                       </tr>                     </table>                   </div>                 </td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_chr30" width="13" height="13">                   <a href="Reflexions/chr30.htm" onMouseOver="AllumeEuro('euro_chr30');" onMouseOut="EteintEuro('euro_chr30');" target="_top">Les                   intuitions en bourse !</a>                    <div align="left">                     <table border="0" cellpadding="0" cellspacing="0" width="100%">                       <tr>                         <td width="5%"></td>                         <td width="95%"><font size="2" face="Arial Narrow">Dcouvrez                           comment des aspects <font color="#FF0000">psychologiques</font>                           peuvent influer votre trading...</font>                         </td>                       </tr>                     </table>                   </div>                 </td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_chr25" width="13" height="13">                   <a href="Reflexions/chr27.htm" onMouseOver="AllumeEuro('euro_chr25');" onMouseOut="EteintEuro('euro_chr25');" target="_top">Mesurer                   la volatilit</a>                    <div align="left">                     <table border="0" cellpadding="0" cellspacing="0" width="100%">                       <tr>                         <td width="5%"></td>                         <td width="95%"><font size="2" face="Arial Narrow">carts                           plus haut, Gaps, Volatilit historique... Dcouvrez                           les outils de mesure de la volatilit</font>                         </td>                       </tr>                     </table>                   </div>                 </td>             </tr>             <tr>               <td width="100%" height="20"></td>             </tr>             <tr>               <td width="100%" bgcolor="#3366CC" height="3"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>           </table>         </div>         <div align="center">           <table border="0" cellpadding="0" cellspacing="0" width="100%" bgcolor="#FFFFCC" height="125">             <tr>               <td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>               <td width="100%" height="25">&nbsp;<img border="0" src="images/main_une.gif" width="167" height="20"></td>             </tr>             <tr>               <td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>               <td width="100%">                         <p style="margin-top: 1; margin-bottom: 1">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_pel" width="13" height="13">                         <a href="InfoPratique/PEL.htm" onMouseOver="AllumeEuro('euro_pel');" onMouseOut="EteintEuro('euro_pel');" target="_top">Le                         PEL  4,5%</a>                         </p>                 <div align="center">                   <table border="0" cellpadding="0" cellspacing="0" width="100%">                     <tr>                       <td width="4%"></td>                       <td width="96%"><font face="MS Sans Serif" size="1">Le         nouveau <font color="#FF0000"> PEL</font> peut tre considr comme un pur produit dpargne,         explication...</font><font face="Arial Narrow" size="2">&nbsp;</font></td>                     </tr>                   </table>                 </div>               </td>             </tr>             <tr>               <td width="100%">                         <p style="margin-top: 1; margin-bottom: 1">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_B1a" width="13" height="13">                         <a href="InfoPratique/crd.htm" onMouseOver="AllumeEuro(&quot;euro_B1a&quot;);" onMouseOut="EteintEuro(&quot;euro_B1a&quot;);" target="_top">CRD</a>                         </p>                 <div align="center">                   <table border="0" cellpadding="0" cellspacing="0" width="100%">                     <tr>                       <td width="4%"></td>                       <td width="96%"><font face="Arial Narrow" size="2">Dcouvrez&nbsp;                         le montant de la&nbsp; taxe de report (<font color="#FF0000">CRD</font>)&nbsp;                         de votre broker ?&nbsp;</font></td>                     </tr>                   </table>                 </div>               </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_Une3" width="13" height="13">                         <a href="cdg/fiscalite_2001.htm" onMouseOver="AllumeEuro('euro_Une3');" onMouseOut="EteintEuro('euro_Une3');" target="_top">Rduction                         Fiscale : Le Plan </a>                  <div align="center">                   <table border="0" cellpadding="0" cellspacing="0" width="100%">                     <tr>                       <td width="4%"></td>                       <td width="96%"><font face="Arial Narrow" size="2">Le                         nouveau <font color="#FF0000">plan de rduction fiscale                         2001</font>... Dcouvrez immdiatement le montant de                         vos prlvements ainsi que leurs dgressions jusqu'en                         2003 ! !&nbsp;</font>                       </td>                     </tr>                   </table>                 </div>               </td>             </tr>             <tr>               <td width="100%" height="20">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_coutAction" width="13" height="13">                 <a href="InfoPratique/euronext.htm" onMouseOver="AllumeEuro('euro_coutAction');" onMouseOut="EteintEuro('euro_coutAction');" target="_top">Naissance                 d'Euronext !</a>                  <div align="center">                   <table border="0" cellpadding="0" cellspacing="0" width="100%">                     <tr>                       <td width="5%"></td>                       <td width="95%"><font face="Arial Narrow" size="2">Euronext                         est ne : comprendrelabourse.com vous dlivre sa fiche                         technique !</font></td>                     </tr>                   </table>                 </div>               </td>             </tr>             <tr>               <td width="100%" height="20">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_newPond" width="13" height="13">                 <a href="InfoPratique/indicePonderation.htm" onMouseOver="AllumeEuro('euro_newPond');" onMouseOut="EteintEuro('euro_newPond');" target="_top">Nouvelle                 pondration des indices</a>                  <div align="center">                   <table border="0" cellpadding="0" cellspacing="0" width="100%">                     <tr>                       <td width="5%"></td>                       <td width="95%"><font face="Arial Narrow" size="2">Changements                         importants dans la composition des grands indices                         europens. </font>                       </td>                     </tr>                   </table>                 </div>               </td>             </tr>             <tr>               <td width="100%" height="20">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_Une1" width="13" height="13">                 <a href="InfoPratique/bourseMerging.htm" onMouseOver="AllumeEuro('euro_Une1');" onMouseOut="EteintEuro('euro_Une1');" target="_top">Fusion                 des bourses !</a>                  <div align="center">                   <table border="0" cellpadding="0" cellspacing="0" width="100%">                     <tr>                       <td width="5%"></td>                       <td width="95%"><font face="Arial Narrow" size="2">Les                         bourses n'chappent pas au mouvement de concentration                         international... Pourquoi ?</font></td>                     </tr>                   </table>                 </div>               </td>             </tr>             <tr>               <td width="100%" height="20">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_PEA" width="13" height="13">                 <a href="InfoPratique/co_PEA.htm" onMouseOver="AllumeEuro('euro_PEA');" onMouseOut="EteintEuro('euro_PEA');" target="_top">Le                 Plan Epargne Action</a> &nbsp;                 <div align="center">                   <table border="0" cellpadding="0" cellspacing="0" width="100%">                     <tr>                       <td width="5%"></td>                       <td width="95%"><font face="Arial Narrow" size="2">Le <font color="#FF0000"> PEA</font> est actuellement l'unique Oasis fiscale franais. Quelles sont ses limites ?</font></td>                     </tr>                   </table>                 </div>               </td>             </tr>             <tr>               <td width="100%" height="20">&nbsp;</td>             </tr>           </table>         </div>         <div align="center">           <table border="0" cellpadding="0" cellspacing="0" width="100%">             <tr>               <td width="100%" bgcolor="#3366CC" height="3"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>           </table>         </div>         <div align="center">           <table border="0" cellpadding="0" cellspacing="0" width="100%">             <tr>               <td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>               <td width="100%">&nbsp;<img border="0" src="images/main_pratique.gif" width="167" height="20"></td>             </tr>             <tr>               <td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>               <td width="100%">                 <p style="margin-top: 1; margin-bottom: 1">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_Avie" width="13" height="13">                 <a href="InfoPratique/AssuranceVie.htm" onMouseOver="AllumeEuro('euro_Avie');" onMouseOut="EteintEuro('euro_Avie');" target="_top">L'assurance                 vie</a>                 </p>                 <div align="left">                   <table border="0" cellpadding="0" cellspacing="0" width="100%">                     <tr>                       <td width="5%"></td>                       <td width="95%"><font face="Arial Narrow" size="2">Une                         trs bonne alternative aux limites du PEA... <font color="#FF0000">A                         lire</font></font></td>                     </tr>                   </table>                 </div>               </td>             </tr>             <tr>               <td width="100%">                 <p style="margin-top: 1; margin-bottom: 1">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_PEE" width="13" height="13">                 <a href="InfoPratique/PEE.htm" onMouseOver="AllumeEuro('euro_PEE');" onMouseOut="EteintEuro('euro_PEE');" target="_top">L'pargne salariale</a></p>                 <div align="left">                   <table border="0" cellpadding="0" cellspacing="0" width="100%">                     <tr>                       <td width="4%"></td>                       <td width="96%"><font face="Arial Narrow" size="2"><font color="#FF0000">Participez</font>                         aux rsultats de votre entreprise !</font>&nbsp;</td>                     </tr>                   </table>                 </div>               </td>             </tr>             <tr>               <td width="100%">                 <p style="margin-top: 1; margin-bottom: 1">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_IP1" width="13" height="13">                 <a href="InfoPratique/emprunter/emprunter1.htm" onMouseOver="AllumeEuro('euro_IP1');" onMouseOut="EteintEuro('euro_IP1');" target="_top">Les                 Astuces pour bien emprunter</a></p>                 <div align="center">                   <table border="0" cellpadding="0" cellspacing="0" width="100%">                     <tr>                       <td width="16"></td>                       <td width="96%">                         <p style="margin-top: 1; margin-bottom: 1"><font face="Arial Narrow" size="2">Vous                         rvez d'une belle voiture, d'un cran plasma ou encore                         d'une belle petite maison... <font color="#FF0000">Suivez                         nos conseils !</font></font></td>                     </tr>                   </table>                 </div>               </td>             </tr>             <tr>               <td width="100%" height="20"></td>             </tr>           </table>         </div>       </td>       <td width="4" rowspan="2" bgcolor="#3366CC"><img border="0" src="images/blank.gif" width="1" height="1"></td>       <td width="180" valign="top" align="left">         <div align="center">           <table border="0" cellpadding="0" cellspacing="0" width="100%" height="5">             <tr>               <td bgcolor="#3366CC" height="3"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>               <td height="0"></td>             </tr>           </table>         </div>         <div align="center">           <table border="0" cellpadding="0" cellspacing="0" width="100%">             <tr>               <td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>               <td width="100%">                 <p align="center">&nbsp;<img border="0" src="images/main_coursParticuliers.gif" width="167" height="20"></p>               </td>             </tr>             <tr> 				<td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr> 				<td width="100%">                   <p align="center"><a href="coursparticuliers/cours_request.htm"><img border="0" src="images/coursparticulier.gif" width="170" height="62"></a></td>             </tr>             <tr> 				<td width="100%">&nbsp; 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Faites nous                   parvenir vos demandes accompagnes des sujets qui vous intressent...&nbsp;</font></td>             </tr>             <tr>               <td width="100%" height="20">               &nbsp;&nbsp;               </td>             </tr>             <tr>               <td width="100%" height="20">               </td>             </tr>             <tr>               <td width="100%" bgcolor="#3366CC" height="3"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>               <td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>               <td width="100%">&nbsp;<img border="0" src="images/main_analyses.gif" width="167" height="20"></td>             </tr>             <tr>               <td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>               <td width="100%">               </td>             </tr>             <tr>               <td width="100%"> &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_Strat1" width="13" height="13">                 <a href="Analyse/AnalyseFonda/anaFonda_intro.htm" onMouseOver="AllumeEuro('euro_Strat1', 'cocher_Strat');" onMouseOut="EteintEuro('euro_Strat1', 'cocher_Strat');" target="_top">Analyse                 fondamentale</a>               </td>             </tr>             <tr>               <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_Strat2" width="13" height="13">                 <a href="Analyse/AnalyseTechnique/anaTech_pres.htm" onMouseOver="AllumeEuro('euro_Strat2', 'cocher_Strat');" onMouseOut="EteintEuro('euro_Strat2', 'cocher_Strat');" target="_top">Analyse                   technique</a>               </td>             </tr>             <tr>               <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_Strat3" width="13" height="13">                 <a href="strategies/Trading_option/to_intro.htm" onMouseOver="AllumeEuro('euro_Strat3', 'cocher_Strat');" onMouseOut="EteintEuro('euro_Strat3', 'cocher_Strat');" target="_top">Trading Options</a>               </td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_guide" width="13" height="13">                   <a href="cac40trading/guide.htm" onMouseOver="AllumeEuro('euro_guide');" onMouseOut="EteintEuro('euro_guide');" target="_top">Guide                   - Trading</a>                   <div align="center">                     <table border="0" width="100%" cellspacing="0" cellpadding="0">                       <tr>                         <td width="4%"></td>                         <td width="96%"><font face="Arial Narrow" size="2">Ce                           guide de stratgies de trading sur options vous                           aidera &nbsp; appliquer vos anticipations...</font></td>                       </tr>                     </table>                   </div>                 </td>             </tr>             <tr>               <td width="100%" height="20"></td>             </tr>             <tr>               <td width="100%" bgcolor="#3366CC" height="3"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>               <td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>               <td width="100%">&nbsp;<a href="cquoi/bestOf.htm" target="_top"><img border="0" src="images/Main_cquoi.gif" alt="Vous aussi posez vos questions  comprendrelabourse.com !" width="167" height="20"></a></td>             </tr>             <tr>               <td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_bearCertificate" width="13" height="13">                         <a href="cquoi/bearCertificate.htm" onMouseOver="AllumeEuro('euro_bearCertificate');" onMouseOut="EteintEuro('euro_bearCertificate');" target="_top">un                         bear Certificate</a>                </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_etf" width="13" height="13">                         <a href="cquoi/etf.htm" onMouseOver="AllumeEuro('euro_etf');" onMouseOut="EteintEuro('euro_etf');" target="_top">un                         Tracker (ETF)</a>                </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_AGreenspan2" width="13" height="13">                         <a href="cdg/AGreenspan02.htm" onMouseOver="AllumeEuro('euro_AGreenspan2');" onMouseOut="EteintEuro('euro_AGreenspan2');" target="_top">Alan                         Greenspan</a>                </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_profitWarning" width="13" height="13">                         <a href="cquoi/profitWarning.htm" onMouseOver="AllumeEuro('euro_profitWarning');" onMouseOut="EteintEuro('euro_profitWarning');" target="_top">un                         Profit Warning</a>                </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_investirEtranger" width="13" height="13">                         <a href="cquoi/investirEtranger.htm" onMouseOver="AllumeEuro('euro_investirEtranger');" onMouseOut="EteintEuro('euro_investirEtranger');" target="_top">un                         March tranger</a>               </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_opcvm" width="13" height="13">                         <a href="cquoi/opcvm.htm" onMouseOver="AllumeEuro('euro_opcvm');" onMouseOut="EteintEuro('euro_opcvm');" target="_top">un                   OPCVM</a>                 </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_risqueContr" width="13" height="13">                         <a href="cquoi/risqueContrepartie.htm" onMouseOver="AllumeEuro('euro_risqueContr');" onMouseOut="EteintEuro('euro_risqueContr');" target="_top">Risque                         de Contrepartie</a>                </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_C3a" width="13" height="13">                   <a href="Club/ClubInvestissement/club_inv1.htm" onMouseOver="AllumeEuro('euro_C3a', 'cocher_C3');" onMouseOut="EteintEuro('euro_C3a', 'cocher_C3');" target="_top">Club                   d'investissement</a>                </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_AvoirFiscal" width="13" height="13">                         <a href="Marche_Action/Typologie/act_avoirFiscal.htm" onMouseOver="AllumeEuro('euro_AvoirFiscal');" onMouseOut="EteintEuro('euro_AvoirFiscal');" target="_top">un                         Avoir fiscal</a>                 </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_WallStreet" width="13" height="13">                         <a href="cquoi/wall_street.htm" onMouseOver="AllumeEuro('euro_WallStreet');" onMouseOut="EteintEuro('euro_WallStreet');" target="_top">Wall                         Street</a>                </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_OPA" width="13" height="13">                         <a href="cquoi/opa.htm" onMouseOver="AllumeEuro('euro_OPA');" onMouseOut="EteintEuro('euro_OPA');" target="_top">une                         O P A</a>                </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_contratAnim" width="13" height="13">                         <a href="cquoi/contratAnim.htm" onMouseOver="AllumeEuro('euro_contratAnim');" onMouseOut="EteintEuro('euro_contratAnim');" target="_top">un                         Contrat d'animation</a>                </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_compteAterme" width="13" height="13">                         <a href="cquoi/compteAterme.htm" onMouseOver="AllumeEuro('euro_compteAterme');" onMouseOut="EteintEuro('euro_compteAterme');" target="_top">un                         Compte  terme</a>                </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_stockOption" width="13" height="13">                         <a href="cquoi/stock_option.htm" onMouseOver="AllumeEuro('euro_stockOption');" onMouseOut="EteintEuro('euro_stockOption');" target="_top">une                         Stock-Option</a>                </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_srd" width="13" height="13">                         <a href="cquoi/srd.htm" onMouseOver="AllumeEuro('euro_srd');" onMouseOut="EteintEuro('euro_srd');" target="_top">le                         SRD&nbsp;</a>&nbsp;&nbsp;               </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_option" width="13" height="13">                         <a href="cquoi/options.htm" onMouseOver="AllumeEuro('euro_option');" onMouseOut="EteintEuro('euro_option');" target="_top">une                         Option</a>&nbsp;&nbsp;&nbsp;               </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_vol" width="13" height="13">                         <a href="cquoi/volatilite.htm" onMouseOver="AllumeEuro('euro_vol');" onMouseOut="EteintEuro('euro_vol');" target="_top">une                         Volatilit</a>               </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_nasdaq" width="13" height="13">                         <a href="cquoi/Nasdaq.htm" onMouseOver="AllumeEuro('euro_nasdaq');" onMouseOut="EteintEuro('euro_nasdaq');" target="_top">le                         Nasdaq</a>&nbsp;&nbsp;&nbsp;&nbsp;               </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_eva" width="13" height="13">                         <a href="cquoi/eva.htm" onMouseOver="AllumeEuro('euro_eva');" onMouseOut="EteintEuro('euro_eva');" target="_top">un                         E.V.A</a>               </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_per" width="13" height="13">                         <a href="cquoi/per.htm" onMouseOver="AllumeEuro('euro_per');" onMouseOut="EteintEuro('euro_per');" target="_top">un                         P.E.R.</a>               </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_goodwill" width="13" height="13">                         <a href="cquoi/goodwill.htm" onMouseOver="AllumeEuro('euro_goodwill');" onMouseOut="EteintEuro('euro_goodwill');" target="_top">un                   Goodwill</a>               </td>             </tr>             <tr>               <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_gap" width="13" height="13">                 <a href="cquoi/gap.htm" onMouseOver="AllumeEuro('euro_gap');" onMouseOut="EteintEuro('euro_gap');" target="_top">un                 G A P</a>               </td>             </tr>             <tr>               <td width="100%">               </td>             </tr>             <tr>               <td width="100%" bgcolor="#FFFFFF">                         <div align="center">                           <center>                           <table border="0" cellpadding="0" width="95%">                             <tr>                               <td width="100%" bgcolor="#059BE2">                         <p align="center"><font color="#FFFFFF" face="Verdana" size="2"><b>Best                         Of FAQ</b></font>                                </td>                             </tr>                           </table>                           </center>                         </div>               </td>             </tr>             <tr>               <td width="100%">                         <div align="center">                           <center>                           <table border="0" cellpadding="0" width="100%">                             <tr>                               <td width="7%"></td>                               <td width="93%"> <img border="0" src="images/euro_bleu.gif" name="euro_bestOf4" width="13" height="13">                                 <a href="cquoi/bestOf4.htm" onMouseOver="AllumeEuro('euro_bestOf4');" onMouseOut="EteintEuro('euro_bestOf4');" target="_top">Les                                 diffrences Options Warrants ?</a></td>                             </tr>                           </table>                           </center>                         </div>               </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_bestOf1" width="13" height="13">                         <a href="cquoi/bestOf1.htm" onMouseOver="AllumeEuro('euro_bestOf1');" onMouseOut="EteintEuro('euro_bestOf1');" target="_top">valuer                         une action ?</a>                </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_bestOf2" width="13" height="13">               <a href="cquoi/bestOf2.htm" onMouseOver="AllumeEuro('euro_bestOf2');" onMouseOut="EteintEuro('euro_bestOf2');" target="_top">Se               lancer sans risques ?</a>               </td>             </tr>             <tr>               <td width="100%">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_bestOf3" width="13" height="13">               <a href="cquoi/bestOf3.htm" onMouseOver="AllumeEuro('euro_bestOf3');" onMouseOut="EteintEuro('euro_bestOf3');" target="_top">Mthodes               de prvisions ?</a>               </td>             </tr>             <tr>               <td width="100%" bgcolor="#FFFFFF" height="5">                         &nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_biblio" width="13" height="13">                         <a href="cquoi/bibliographie.htm" onMouseOver="AllumeEuro('euro_biblio');" onMouseOut="EteintEuro('euro_biblio');" target="_top">Bibliographie</a>                </td>             </tr>             <tr>               <td width="100%" bgcolor="#FFFFFF" height="20">                         &nbsp;                </td>             </tr>           </table>         </div>         <div align="left">           <table border="0" cellpadding="0" cellspacing="0" width="100%">             <tr>                 <td width="100%" height="20">         <div align="left">           <table border="0" cellpadding="0" cellspacing="0" width="100%">             <tr>               <td width="100%" bgcolor="#3366CC" height="3"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>                 <td width="100%">                 </td>             </tr>             <tr>               <td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>               <td width="100%">                 <p align="left"><font size="2">&nbsp;</font><img border="0" src="images/main_chiffres.gif" width="167" height="20"></p>               </td>             </tr>             <tr>               <td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_chiffreClub" width="13" height="13">                   <a href="Chiffres/clubs.htm#club" onMouseOver="AllumeEuro(&quot;euro_chiffreClub&quot;);" onMouseOut="EteintEuro(&quot;euro_chiffreClub&quot;);" target="_top">Clubs                   d'investissement</a>                   <div align="left">                     <table border="0" cellpadding="0" cellspacing="0" width="100%">                       <tr>                         <td width="7%"></td>                         <td width="93%"><font face="Arial Narrow" size="2">France                           : <font color="#FF0000">17 000</font> clubs dinvestissement                           qui regroupent <font color="#FF0000">250&nbsp;000 </font>adhrents...</font></td>                       </tr>                     </table>                   </div>                 </td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_A3d" width="13" height="13"><a href="http://www.nexen.net/clabourse/palmares/palmares.php3" onMouseOver="AllumeEuro(&quot;euro_A3d&quot;, 'cocher_A3');" onMouseOut="EteintEuro(&quot;euro_A3d&quot;, 'cocher_A3');" target="_top">&nbsp;                   Palmars capitalisations</a>                   <div align="center">                     <table border="0" cellpadding="0" cellspacing="0" width="100%">                       <tr>                         <td width="7%"></td>                         <td width="96%"><font face="Arial Narrow" size="2">Suivez                           le <font color="#FF0000">top 10</font> des                           capitalisations boursires...</font></td>                       </tr>                     </table>                   </div>                 </td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_record" width="13" height="13">                   <a href="Chiffres/clubs.htm#bourse" onMouseOver="AllumeEuro(&quot;euro_record&quot;, 'cocher_record');" onMouseOut="EteintEuro(&quot;euro_record&quot;, 'cocher_A3');" target="_top">Record  Paris</a>                 </td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_A3b" width="13" height="13">                   <a href="http://www.comprendrelabourse.com" onMouseOver="AllumeEuro(&quot;euro_A3b&quot;, 'cocher_A3');" onMouseOut="EteintEuro(&quot;euro_A3b&quot;, 'cocher_A3');" target="_top">3,5 M d'actionnaires</a></td>             </tr>             <tr>                 <td width="100%">&nbsp; <img border="0" src="images/euro_bleu.gif" name="euro_A3c" width="13" height="13">                   <a href="http://www.comprendrelabourse.com" onMouseOver="AllumeEuro(&quot;euro_A3c&quot;, 'cocher_A3');" onMouseOut="EteintEuro(&quot;euro_A3c&quot;, 'cocher_A3');" target="_top">Bourse : 4,5Mds                   eur / j</a></td>             </tr>             <tr>               <td width="100%" height="20"></td>             </tr>             <tr>               <td width="100%"></td>             </tr>             <tr> 				<td width="100%" height="8"><img border="0" src="images/blank.gif" width="1" height="1"></td>             </tr>             <tr> 				<td width="100%"></td>             </tr>           </table>         </div>                 </td>             </tr>           </table>         </div>       <td width="4" rowspan="2" bgcolor="#3366CC"><img border="0" src="images/blank.gif" width="1" height="1"></td>     </tr>     <tr>       <td width="180"></td>       <td width="230"></td>       <td width="180"></td>     </tr>   </table> </div>    <div align="center">     <center>     <table border="0" cellpadding="0" cellspacing="0" width="606">       <tr>         <td bgcolor="#3366CC" height="4"><img border="0" src="images/blank.gif" width="1" height="1"></td>       </tr>     </table>     </center>   </div>  <p style="margin-top: 1; margin-bottom: 1" align="center">&nbsp;</p>    <div align="center">     <center>     <table border="0" cellpadding="0" cellspacing="0" width="608">       <tr>         <td colspan="2" width="604">               <h6 align="center"><a href="VosArticles/vosArticles.htm" target="_top">Proposer     	       un article</a> | <a href="http://www.comprendrelabourse.com" target="_top">Clubs 	          virtuels</a> | <a href="http://www.nexen.net/clabourse/Temoignages/phpTemoignages.php3" target="_top">Tmoignages</a> |               <a href="Contact/contact.htm" target="_top">crivez-nous</a></h6>                     </td>       </tr>       <tr>         <td width="604">           <p align="center"></td>         <td width="1"></td>       </tr>     </center>     <tr>              <td width="604">         <p style="text-indent: 10; margin-top: 1; margin-bottom: 1" align="center"><font face="verdana" size="1" color="#0000FF">Copyright    - 2000 - <a href="http://www.comprendrelabourse.com" target="_top">comprendrelabourse.com</a>   - Tous droits rservs</font></p>        </tr>     </table>   </div>  <p style="margin-top: 1; 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