Thursday, January 7, 2010

Multi-core processor

A multi-core processor is a processing system composed of two or more independent cores. It can be described as an integrated circuit to which two or more individual processors (called cores in this sense) have been attached.[1] The cores are typically integrated onto a single integrated circuit die (known as a chip multiprocessor or CMP), or they may be integrated onto multiple dies in a single chip package. A many-core processor is one in which the number of cores is large enough that traditional multi-processor techniques are no longer efficient — this threshold is somewhere in the range of several tens of cores — and likely requires a network on chip.

A dual-core processor contains two cores, and a quad-core processor contains four cores. A multi-core processor implements multiprocessing in a single physical package. Cores in a multi-core device may be coupled together tightly or loosely. For example, cores may or may not share caches, and they may implement message passing or shared memory inter-core communication methods. Common network topologies to interconnect cores include: bus, ring, 2-dimensional mesh, and crossbar. All cores are identical in homogeneous multi-core systems and they are not identical in heterogeneous multi-core systems. Just as with single-processor systems, cores in multi-core systems may implement architectures such as superscalar, VLIW, vector processing, SIMD, or multithreading.

Multi-core processors are widely used across many application domains including: general-purpose, embedded, network, digital signal processing, and graphics.

The amount of performance gained by the use of a multi-core processor is strongly dependent on the software algorithms and implementation. In particular, the possible gains are limited by the fraction of the software that can be parallelized to run on multiple cores simultaneously; this effect is described by Amdahl's law. In the best case, so-called embarrassingly parallel problems may realize speedup factors near the number of cores. Many typical applications, however, do not realize such large speedup factors and thus, the parallelization of software is a significant on-going topic of research.

http://en.wikipedia.org/wiki/Multi-core_processor

Thursday, April 9, 2009

Elliott Wave Principle: Key to Market Behavior by Robert Prechter

Highly acclaimed basic handbook of Elliott Wave Theory which has come to be regarded as a definitve work in this area. Thoroughly covers all the relative concepts. Fibonacci Numbers, wave analysis, time sequence, cyclic analysis, etc. One of the most fascinating books on market forecasting you'll ever read.

Part 1: Elliott Theory Chapter One: The Broad Concept including, *Basic Tenets *Terminology and Labeling * Impulse Waves and Variations *Corrective Waves *Zigzags * Flats * Triangles * Double and Triple Threes * Diagonal Triangle Type 2

Chapter Two: Associated Rules and Guidelines * Counting Rules * Alternation * Depth of Corrective Waves * Wave Equality * Charting the Waves * Channeling * Volume * The Right Look * Wave Personality * Learning the Basics * Applying the Basics

Chapter Three: Historical and Mathematical Background of the Wave Principle * Leonardo Fibonacci da Pisa * the Fibonacci Sequence * The Golden Section * The Golden Rectangle * The Golden Spiral * The Meaning of Phi

http://stockcharts.stores.yahoo.net/elwaprropr.html

Elliott wave principle

The Elliott wave principle is a form of technical analysis that attempts to forecast trends in the financial markets and other collective activities. It is named after Ralph Nelson Elliott (1871–1948), an accountant who developed the concept in the 1930s: he proposed that market prices unfold in specific patterns, which practitioners today call Elliott waves. Elliott published his views of market behavior in the book The Wave Principle (1938), in a series of articles in Financial World magazine in 1939, and most fully in his final major work, Nature’s Laws – The Secret of the Universe (1946).[1] Elliott argued that because humans are themselves rhythmical, their activities and decisions could be predicted in rhythms, too. Critics argue that the Elliott wave principle is pseudoscientific and contradicts the efficient market hypothesis.

The wave principle posits that collective investor psychology (or crowd psychology) moves from optimism to pessimism and back again. These swings create patterns, as evidenced in the price movements of a market at every degree of trend.

Practically all developments which result from (human) socialeconomic processes follow a law that causes them to repeat themselves in similar and constantly recurring series of waves of definite number and pattern. R. N. Elliott's model, in Nature’s Law: The Secret of the Universe says that market prices alternate between five waves and three waves at all degrees within a trend, as the illustration shows. As these waves develop, the larger price patterns unfold in a self-similar fractal geometry. Within the dominant trend, waves 1, 3, and 5 are "motive" waves, and each motive wave itself subdivides in five waves. Waves 2 and 4 are "corrective" waves, and subdivide in three waves. In a bear market the dominant trend is downward, so the pattern is reversed—five waves down and three up. Motive waves always move with the trend, while corrective waves move opposite it.

http://en.wikipedia.org/wiki/Elliott_wave_principle

Wednesday, March 18, 2009

The Television of the Future OLED-TV Pictures

Plasma, and LCD televisions will soon be a thing of the past, imagine a television screen as thin as a piece of paper that weighs no more than a few ounces. Or, so flexible it could be worn around your wrist and is virtually indestructible.

The primary benefit of OLED displays over traditional LCDs is that OLEDs do not require a backlight to function, and consume less power during operation. OLED displays are expected to be more efficiently manufactured than LCDs and plasma displays.

The AMOLED technology have full layers of cathode, organic molecules and anode, the anode layer overlays a thin film transistor (TFT) array that forms a matrix. The TFT array itself is the circuitry that determines which pixels get turned on to form an picture.The fledgling technology of making ultra-thin displays using organic light-emitting diodes (OLED) is starting to bear fruit finally with Sony, Samsung SDI and other makers introducing new applications.

Sony says that it is going to sell 11-inch OLED TVs for the first time in the world this year. Korean firms such as Samsung Electronics, Samsung SDI, LG Electronics, LG.Philips LCD and Neoview Kolon are also investing in the technology, which should replace the current LCD and plasma screens panels in the long term, becoming the norm for digital displays.

Samsung Electronics Digital Media President Park Jong-woo said that organic displays can be a breakthrough in its TV business, as the competition for creating bigger screens now does not carry much meaning to consumers.

http://www.oled-display.net/oled-television

Tuesday, March 17, 2009

PowerLite Pro Cinema 7500UB Projector

Overview
A superior cinematic experience. Quality beyond compare.
1600 lumens; 75,000:1 contrast ratio
D7 C2Fine® TFT technology for greater image detail
Built-in HQV processor
Color isolation feature for easy adjustments
120 Hz FineFrame™ tech. for smoother video
Preset color space
Anamorphic scaling mode
ISF calibration for customized viewing
Cinema filter for true-to-life color
Fujinon lens with 2.1 zoom ratio
12-bit panel driver for smoother gradations
Auto iris function for optimum speed/quality

PowerLite Pro Cinema 7500UB Marketing Brochure
Enjoy the home theater experience in a way you never thought possible. With a 75,000:1 contrast ratio, the highest currently available in its class, the Epson PowerLite Pro Cinema 7500 UB puts you right in the middle of where the action is, as larger-than-life images leap right off the screen.

Whether you’re watching movies or sports, or playing video games, this 1080p projector ensures amazing image quality with the latest-generation Epson D7 panels, UltraBlack™ technology and 1600 lumens of color and white light output.1 With innovative color adjustment features and a state-of-the-art Fujinon lens, the kind typically used by renowned Hollywood filmmakers, this product delivers blockbuster video performance. And, with Epson’s 3LCD, 3-chip optical engine, it offers such incredible quality, you’re sure to achieve a true cinematic experience.
Setup is easy with the color isolation feature and ISF calibration, which allows you to adjust colors according to that which the filmmaker intended. The PowerLite Pro Cinema 7500 UB brings big-screen entertainment home in a whole new way.

http://www.epson.com/cgi-bin/Store/consumer/consDetail.jsp?BV_UseBVCookie=yes&oid=63077381

The Lexus and the Olive Tree: Understanding Globalization - Thomas L. Friedman

One day in 1992, Thomas Friedman toured a Lexus factory in Japan and marveled at the robots that put the luxury cars together. That evening, as he ate sushi on a Japanese bullet train, he read a story about yet another Middle East squabble between Palestinians and Israelis. And it hit him: Half the world was lusting after those Lexuses, or at least the brilliant technology that made them possible, and the other half was fighting over who owned which olive tree.

Friedman, the well-traveled New York Times foreign-affairs columnist, peppers The Lexus and the Olive Tree with stories that illustrate his central theme: that globalization--the Lexus--is the central organizing principle of the post-cold war world, even though many individuals and nations resist by holding onto what has traditionally mattered to them--the olive tree.
Problem is, few of us understand what exactly globalization means. As Friedman sees it, the concept, at first glance, is all about American hegemony, about Disneyfication of all corners of the earth. But the reality, thank goodness, is far more complex than that, involving international relations, global markets, and the rise of the power of individuals (Bill Gates, Osama Bin Laden) relative to the power of nations.

No one knows how all this will shake out, but The Lexus and the Olive Tree is as good an overview of this sometimes brave, sometimes fearful new world as you'll find. --Lou Schuler --This text refers to an out of print or unavailable edition of this title.

http://www.amazon.com/Lexus-Olive-Tree-Understanding-Globalization/dp/0385499345/ref=pd_sim_b_4

The World Is Flat 3.0: A Brief History of the Twenty-first Century - Thomas L. Friedman

Thomas L. Friedman is not so much a futurist, which he is sometimes called, as a presentist. His aim in The World Is Flat, as in his earlier, influential Lexus and the Olive Tree, is not to give you a speculative preview of the wonders that are sure to come in your lifetime, but rather to get you caught up on the wonders that are already here. The world isn't going to be flat, it is flat, which gives Friedman's breathless narrative much of its urgency, and which also saves it from the Epcot-style polyester sheen that futurists--the optimistic ones at least--are inevitably prey to.
What Friedman means by "flat" is "connected": the lowering of trade and political barriers and the exponential technical advances of the digital revolution that have made it possible to do business, or almost anything else, instantaneously with billions of other people across the planet. This in itself should not be news to anyone. But the news that Friedman has to deliver is that just when we stopped paying attention to these developments--when the dot-com bust turned interest away from the business and technology pages and when 9/11 and the Iraq War turned all eyes toward the Middle East--is when they actually began to accelerate. Globalization 3.0, as he calls it, is driven not by major corporations or giant trade organizations like the World Bank, but by individuals: desktop freelancers and innovative startups all over the world (but especially in India and China) who can compete--and win--not just for low-wage manufacturing and information labor but, increasingly, for the highest-end research and design work as well. (He doesn't forget the "mutant supply chains" like Al-Qaeda that let the small act big in more destructive ways.)

Friedman has embraced this flat world in his own work, continuing to report on his story after his book's release and releasing an unprecedented hardcover update of the book a year later with 100 pages of revised and expanded material. What's changed in a year? Some of the sections that opened eyes in the first edition--on China and India, for example, and the global supply chain--are largely unaltered. Instead, Friedman has more to say about what he now calls "uploading," the direct-from-the-bottom creation of culture, knowledge, and innovation through blogging, podcasts, and open-source software. And in response to the pleas of many of his readers about how to survive the new flat world, he makes specific recommendations about the technical and creative training he thinks will be required to compete in the "New Middle" class.

As before, Friedman tells his story with the catchy slogans and globe-hopping anecdotes that readers of his earlier books and his New York Times columns know well, and he holds to a stern sort of optimism. He wants to tell you how exciting this new world is, but he also wants you to know you're going to be trampled if you don't keep up with it. A year later, one can sense his rising impatience that our popular culture, and our political leaders, are not helping us keep pace. --Tom Nissley

http://www.amazon.com/World-Flat-3-0-History-Twenty-first/dp/0312425074/ref=sr_1_1?ie=UTF8&s=books&qid=1237292540&sr=1-1

Friday, June 20, 2008

Sony KDL 40D3500 PICTURE QUALITY

I intend to buy an lcd TV in the near future.

I have to buy from John Lewis as i have a credit voucher from them.

The TV which to me seems the best value for money in my price range is the SONY KDL40D3500. However, the expert reviews i've read are quite critical of the tvs SD picture quality and this is putting me off it (motion blur seems to be the main problem).

I currently dont have Sky and or cable but the reception in my area is good.

Can anyone who has this TV comment on the picture quality they get from this TV on standard definition ie using the TVS freeview with the feed from a tv aerial .

THANKS

TERRY H

http://www.avforums.com/forums/showthread.php?t=724131

Wednesday, May 14, 2008

The Future of Books

Jason Epstein was a publisher for more than 40 years. Now in retirement, he wants to replace Gutenberg with a digital press.

Jason Epstein worked in book publishing for more than 40 years. He was editorial director of Random House and founded Anchor Books, the New York Review of Books, the Library of America, and the Readers Catalog. Now in retirement, he wants to digitally reconstruct publishing, as digitization is re-creating the music industry.

I became a publisher by accident. When I entered Columbia College in 1945, I was only 17, but I found myself surrounded by veterans in their 20s, some still in their flight jackets and peacoats, many of them married, some with infants. Most of them were in a hurry to find careers and get on with their lives. Some, however, were incipient scholars, and I was fascinated by their worldly talk of Marvell and Donne, Pascal and Voltaire, James and Proust, and Joyce and Eliot. Some of my elders became my friends. For four years we formed an intense coterie of which I was the chief beneficiary because I joined it knowing nothing and acquired from it the rudiments of an education. I had no thought of a job, much less a career in business, certainly not one in book publishing. Thus it did not occur to me that my friends, thanks to the GI Bill, belonged to a large, unprecedented, and undiscovered market for serious books -- a new phenomenon in the cultural and commercial life of the United States.

In September 1950, after wasting a year in graduate school, I was on my own financially. For want of a better plan, and with only the vaguest idea of what a book publisher actually did (I had recently seen a film called The Scoundrel, starring Noël Coward, about the ruin of a glamorous but dissolute book publisher), I applied to Doubleday's training program, which promised to indoctrinate prospective publishers by rotating them through various departments. Although Doubleday's personnel manager insisted that I was unsuited for the program, Ken McCormick, the firm's editor in chief, hired me nonetheless.

In those days, paperback publishing was an offshoot of maga­zine distribution. Every month a bundle of cheaply printed popu­lar novels, each selling for 25 cents, was delivered along with that month's magazines to drugstores and news­stands around the country. Last month's unsold paperbacks were collected, pulped, and reborn as next month's (hence "pulp fiction"). I had been at Double­day for six months, long enough to grasp the essentials of the business, when I proposed to Ken a plan for another kind of paperback. One February afternoon, as we walked across Central Park, I asked, Why not sell paperbacks in bookstores instead of newsstands? We would publish the kinds of serious works that my friends and I had read at Columbia, but which were available only in hard covers and at pro­hibitive prices. These paperbacks could, I suggested, be slightly more expensive than mass-market pulps: we would break even when we had sold 20,000 copies instead of 100,000. Wouldn't it make more sense to sell 20 copies of The Sound and the Fury at a dollar than one hardcover copy at ten dollars?

What I was proposing was a paperback program that would expand the market for publishers' backlists -- that is, books that sell year after year and in the aggregate contain nearly all that we think we know about ourselves and the world. In the 1950s, backlists were the life's blood of publishing: backlisted titles had recouped their costs, and their sales provided book publishers with a steady stream of profit.

Ken agreed and suggested that I talk to people in production and sales and come up with a business plan. We decided to call the new series Anchor Books, after Double­day's Aldine colophon, with its frisky dolphin wrapped around a weighty anchor. We began by testing the market with 20,000 copies of 12 titles in sturdy paper bindings, priced between 65 cents and $1.25. The first list included Joseph Conrad, Edmund Wilson, D. H. Lawrence, André Gide, and Stendhal. Within a year or two, nearly every publisher in New York and Boston had a line of "quality paperbacks," which bookstores were selling by the millions. The "paperback revolution," as it would be called, had begun.

The essential factors in the success of this format (new to the United States, although European publishers had been publishing quality paperbacks for some time) were an audience for serious reading created by the GI Bill and the 3,000 to 4,000 independent booksellers who constituted the retail market for books. Many of these stores were hardly more than gift shops carrying greeting cards, regional titles, and a few bestsellers, but perhaps a thousand booksellers in cities and major suburbs maintained deep backlist inventories and catered to the eclectic interests of sophisticated readers who found their way to the low-rent neighborhoods where many of the shops were located. Our marketing strategy was simple. We put Anchor Books displays wherever we could, hoping that readers would find them and tell their friends. The books sold themselves.

http://www.technologyreview.com/Infotech/14064/

Friday, May 2, 2008

what will happen in 2012?

According to their calendar, the Maya believed that their world would end on Dec 21, 2012. Of all the dates put forth by prophets and cultures for a doomsday, this is one with an authentic almost eerie feel to it. But what will happen? A global cataclysm is one possibility. Presented here is enough information to help you decide - be you an expert or a beginner.

http://www.survive2012.com/

Thursday, May 1, 2008

Cosco Crossroad


An interesting intersection of the old red major downtrend resistance turned support line and the new blue uptrend support turned resistance line has developed. On the first day after the crossroad was formed price closed below the red line showing weakness. However, on the second day it moved from the low and pushed upwards until it met resistance at the blue line before losing some momentum closing near the middle of the candlestick bar. This closing above the red line gives a more bullish outlook than the previous day. However, there is still no clear direction where the trend is heading based on current data. For uptrend price just need to move along the blue line. Breakout above the blue line will be a bonus but not a necessity. Immediate support is $3.04 followed by $2.94 . If this support does not hold expect a retest of $2.79 .

Using Technical Analysis: A Step-by-Step Guide to Understanding and Applying Stock Market Charting Techniques, Revised Edition

Using Technical Analysis: A Step-by-Step Guide to Understanding and Applying Stock Market Charting Techniques, Revised Edition

This is a practical book about Technical Analysis written by an investor with over 30 years of experience who has "been there and done it". The book has a section with exercises. If I had a complaint, it would be that the patterns shown in the example charts are too clear; things are not that crystal clear in real life. Anyone who reads this book should also read "Trading The Plan" by Robert Deel. Both are very practical.

I really like this book as it covers the basics and has examples where you have to use what you've learned to do the exercises. The reading is pretty dry but I still refer back to the book often when I'm trying to remember what a "double bottom" means or what an "ascending triangle" helps you predict.

http://www.amazon.com/Using-Technical-Analysis-Step-Step/dp/1557385270/ref=sr_1_21?ie=UTF8&s=books&qid=1209625101&sr=1-21

Carl Zeiss & SEMATECH Develop Novel Design for Photomask Registration and Overlay Metrology to Enable Double-Patterning- Lithography

n a potential boost to advance lithography, engineers at SEMATECH and Carl Zeiss SMT today announced the completion of their final design for the next generation Photomask Registration and Overlay Metrology system – called PROVE™. The successful final system design release is a major milestone within the project. PROVE™ will allow for the production of more advanced photomasks with substantially improved image placement accuracy. Double patterning lithography, in particular, requires tighter image placement control for photomasks, but the new system will also enhance photomask production in general.

The new metrology system PROVE™ developed by a team of more than 40 Carl Zeiss SMT engineers and supported by SEMATECH ascertains the accuracy of mask pattern alignment, and registration for 32nm half-pitch and beyond photomasks. Double patterning is a technology for enhancing feature density by using standard 193nm wavelength technology. The newly developed metrology technology also forms part of the critical infrastructure of extreme ultraviolet (EUV) lithography. “Future lithographic scaling places a high reliance on very tight overlay control of the various device levels, and the photomask is a key component of the overlay error budget,” said Michael Lercel, SEMATECH Director of Lithography and chairman of the ITRS Litho Working Group. “This new system will get us past several previously ‘no known solution’ challenges.”

“Exploiting the core competencies of Carl Zeiss SMT and our long-term experience in 193nm lithography optics and metrology enabled us to create a revolutionary new system design which will close the technology gap for overlay metrology at 32nm and beyond. Additionally, the broad presence of ZEISS products within the mask industry will be most beneficial for our customers in providing them an increased on-site applications and service support,” said Oliver Kienzle, Member of the Board of Carl Zeiss SMT’s Semiconductor Metrology Systems Division.

“With double patterning coming on strong as an optical extension, registration tolerances are getting even smaller,” said Patricia Gabella, SEMATECH project engineer and manager of the joint project. “Working with Carl Zeiss SMT we have completed a design for quantifying image placement errors as small as 2.4 nm according to the ITRS roadmap. This is a major milestone towards making double patterning a commercially viable technology.” Gabella said the tool itself is targeted for production in 2009, with mask manufacturers being the primary customers.

http://www.zeiss.com/C1256A770030BCE0/WebViewAllE/76439906A09CCF39C12573FA0048B42E

Nanowires and Carbon Nanotubes

Currently, scientists find two nano-size structures of particular interest: nanowires and carbon nanotubes. Nanowires are wires with a very small diameter, sometimes as small as 1 nanometer. Scientists hope to use them to build tiny transistors for computer chips and other electronic devices. In the last couple of years, carbon nanotubes have overshadowed nanowires. We're still learning about these structures, but what we've learned so far is very exciting.

Sheets of carbon atoms used to make carbon nanotubes

A carbon nanotube is a nano-size cylinder of carbon atoms. Imagine a sheet of carbon atoms, which would look like a sheet of hexagons. If you roll that sheet into a tube, you'd have a carbon nanotube. Carbon nanotube properties depend on how you roll the sheet. In other words, even though all carbon nanotubes are made of carbon, they can be very different from one another based on how you align the individual atoms.

With the right arrangement of atoms, you can create a carbon nanotube that's hundreds of times stronger than steel, but six times lighter [source: The Ecologist]. Engineers plan to make building material out of carbon nanotubes, particularly for things like cars and airplanes. Lighter vehicles would mean better fuel efficiency, and the added strength translates to increased passenger safety.

Carbon nanotubes can also be effective semiconductors with the right arrangement of atoms. Scientists are still working on finding ways to make carbon nanotubes a realistic option for transistors in microprocessors and other electronics.

http://science.howstuffworks.com/nanotechnology2.htm

Future of lithography still undecided

The semiconductor fabrication industry still appears to be undecided as to just what is next. 90nm seems pretty much settled, but the tools and techniques to go as far as 45nm are still very much on the drawing board. Teams from Sony have demonstrated a resolution capable of 45nm but, like Intel's well-publicized 10GHz ALUs, they're a long way from making anything real and marketable. An interesting piece at EETimes highlights the uncertainty in the industry.

Despite the fact that the industry is moving into 90 nm pilot production with existing 193 nm steppers for critical layers, vendors of alternative technologies are pushing their systems toward production.

Alternative methods, and their patent holders, see the processes beyond 90nm as their holy grail, where they can make their mark on the market. Today's extreme-ultra-violet lithography is nearing the limits of its resolution. As we have gone through optical to ultra-violet, the next logical step is x-ray lithography. Not according to JMAR Research who, as well as X-ray lithography, are researching the possible applications of Collimated Plasma Lithography (CPL) for future semiconductor fabrication.

With the big two of AMD and Intel designing x86 processors for higher and higher clock frequencies, as well as a host of embedded and mobile applications from thousands of vendors, more precise and smaller fabrication nodes are required to keep the die size down and to keep the power consumption within reasonable levels. Future fabrication techniques are designed to help designers achieve these complimentary aims which benefit both our top spec desktops and our hand held devices.

http://arstechnica.com/news.ars/post/20030301-533.html

Many options expected in the future of lithography

Maintaining the historical pace of reducing half-pitch for each technology generation requires overcoming the challenge of extending the incumbent optical projection lithography technology at 193nm while simultaneously developing alternative, next generation lithography (NGL) technologies. Not only is it necessary to invent technical solutions to challenging problems, it is critical that die costs remain economical even as the costs of design, process development, masks, resist, and exposure tools rise. Maintaining economical production costs is becoming a bigger challenge as the rising costs of developing a new generation of lithography technology must be amortized over relatively few generations of integrated circuits.

In the Difficult Challenges tables in the 2005 ITRS, stronger emphasis was placed on challenges related to immersion lithography. The 2005 chapter includes more detail describing cost of ownership, resolution enhancement techniques (RET), and design for manufacturing (DFM) with lithography-friendly design rules.

Continued emphasis was placed on challenges for implementing cost-effective post-optical lithography solutions, and more detail was added on the requirements for extreme ultraviolet (EUV), imprint, and maskless lithographies.

http://sst.pennnet.com/Articles/Article_Display.cfm?Section=ARTCL&ARTICLE_ID=247497&VERSION_NUM=2&p=5

Technical Analysis of Stock Trends

Technical Analysis of Stock Trends


I read Edwards and McGee, Technical Analysis of Stock Market Trends with great enthusiasm. Here was a book that was originally written in the 1940's that is equally valid to anyone trying to play the stock market in the Twenty First Century. It also gave me insights into the wild times on Wall Street in the Roaring 20's, and taught me how the pros did stock manipulation and organized "bear traps." Understanding Wall Street irrational exuberance in 1928 helps a smart investor understand the irrational exuberance in 1999. I started reading and then using Technical Analysis because I found I couldn't make money on the market just using the fundamental analysis that my accounting professors taught me in business school. I bought stocks based on detailed analysis of the firm's fundamentals and then could not understand why the prices of my "smart" investments immediately dropped like a rock. Technical analysis provides an investor with insights into the market forces (supply and demand) that affect the rise and fall of stock prices and give a rational investor understanding of the psychology of the herd of investors.

Modern web technology available from Clearstation and E-trade take the drudgery out of the technical charting, and make it easy for an amateur investor to become an experienced technical chart reader. Edwards and McGee was the book that helped me develop this skill. I can not praise the authors of this book enough.

http://www.amazon.com/Technical-Analysis-Trends-Robert-Edwards/dp/0814408648/ref=pd_sim_b_img_2/002-3486549-0660035

Wednesday, April 30, 2008

China Oil Fields Clone Inverted Hammer Doji Candlestick Charting Pattern


Since the formation of the clone shooting star doji candlestick pattern on 24th April 2008 there has been 3 down bar candlesticks. Now a similar candlestick to that formed on 24th April 2008 has appeared signaling that a potential bottom may be forming. This candlestick looks like a clone inverted hammer doji candlestick charting pattern. Expect sideways trading the next few days until a clearer candlestick bar forms. Any upward move will probably be resisted by the 20 days EMA resistance line followed by the 50 days EMA resistance line. Expect strong resistance at the horizontal blue line 53 to 53.5 cents band. A breakout above this resistance band will propel price towards 58.5 cents and may challenge the gap resistance at 61.5 cents. Conversely, any weakening will meet immediate resistance at 41 to 40 cents support band. Support failure here may retest 37 cents support followed by 35 cents. If this support does not hold expect a challenge on 32 cents mid March 2008 low.

Cosco 30mins chart surrounded by trendlines


An early upthrust was blocked by the blue support turned resistance line. Price now under pressure by the black downtrend line. Breakdown below $3.14 to $3.13 may retest previous low at $3.05 . If this support does not hold a breakdown below $3.04 will see a retracement towards the red downside resistance turned support line. Any price rebound will meet immediate resistance at 20 EMA line followed by $3.20 to $3.18 resistance band . Clearing this resistance band will propel price towards 50 EMA resistance line and challenge the blue support turned resistance line for the third time .

Candlestick Charting History

The Japanese began using technical analysis to trade rice in the 17th century. While this early version of technical analysis was different from the US version initiated by Charles Dow around 1900, many of the guiding principles were very similar:

  • The "what" (price action) is more important than the "why" (news, earnings, and so on).
  • All known information is reflected in the price.
  • Buyers and sellers move markets based on expectations and emotions (fear and greed).
  • Markets fluctuate.
  • The actual price may not reflect the underlying value.

According to Steve Nison, candlestick charting first appeared sometime after 1850. Much of the credit for candlestick development and charting goes to a legendary rice trader named Homma from the town of Sakata. It is likely that his original ideas were modified and refined over many years of trading eventually resulting in the system of candlestick charting that we use today.


http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks