During this transitional period between the 43 and 44 President of the United States, I decided, as the current state of the economy has focused on the world of accounting. If you are under a rock for 8 years, you need to know the current state of the finances and the economy, are in disarray. U.S. has only faced the ups and downs of the stock market. The real estate market is unstable with the folding of the large mortgage banks and solcheap nfl jerseysd to other banks and competitors. The U.S. auto industry is in the hands and knees to the feet of the Congress in the hope that a piece of the nearly 800 billion U.S. dollars rescue plan for the troubled economy. We just had a historic election to the 44th President of the U. S, but the honeymoon over. The President-elect Barack Obama to ensure economic stability to a team assembled before he is even inaugurated. President Bush is not a popular figure in America partly because of the economic crisis. According to Congressman Barney Frank (D-Ma), Bush has not supported the economic help, opting instead to let it run its course.
“I am pleased that President-elect Obama has made the appointment of an economic team as one of his first moves. This sets the stage for badly overdue decisive action to provide the economic help the Bush Administration has refused to support.” -Congressman Frank. [1]
Accounting is a gigantic part of economics. Many of the companies that are staples of the American economy and economies worldwide use GAAP. GAAP is a monogram for Generally Accepted Accounting Principles and these principles translate to every company that uses accounting methods to keep track of money inflows and outflows. (Revenues and Costs) Accounting GAAP is governed by the FASB (buffalo bills jerseys.Financial Accounting Standards Board) which has the authority to set and enact all accounting standards by the Securities Exchange Commission. Although it is not a public organization, the FASB is respected by the SEC and U.S government because they believe the private sector knows best and has the best resources. These GAAP and FASB led accounting principles have been a mainstay for a while but now have a replacement. The IFRS (International Financial Reporting Standards) have been adopted by more than 100 countries around the world including the majority of Europe.[2] The United States is the next company to adopt these standards with the earliest start date in 2010. This gives the U.S plenty of time to make sure that all companies are reporting finances correctly so there will be no more Enron’s or MCI WorldCom’s left undiscovered. The new IFRS standards will have every company that reports in the U.S give the same information that they might withhold in another country’s reporting standard. This also is easier on the economy as we move into a more global market.
The old standards that we are using will not track today’s economy very well. When the GAAP and other accounting principles were developed, society was built on tangible assets and contributions that were seen and written off. Today’s economy is more information based and thriving off of intangible assets such as: ideas, brands, ways of working, and franchises. These intangible assets are not being assessed the same by GAAP and other principles anymore. Companies are benefiting from a missing link between concrete finances and the Information age. The gap affects more than just financial analysts and financial officers. Employees don't know how to value their contributions correctly. Managers don't have high-quality numbers to refer to when deciding whether to back a project, or when assessing a project's performance. Companies however are getting caught with their hands in the proverbial “cookie jar” trying to maximize revenues when their books have no semblance of accountability.
Hopefully with the advent of the IFRS, there can be a change in how Accounting relates to the current economy. The information age should be able to ensure that Accounting stay relevant by making sure these intangible assets are valued correctly. Accounting is making changes along with the economy to become better suited at keeping the accountability and integrity of companies intact. Barack Obama is doing his due diligence as president –elect at this time as well. He is not only showing the American people that nfl jerseyshe is here to fix the economic problems that plague the U.S, but also the world. In this time of a global market, it is important that companies here and abroad are keeping the books and finances straight to make sure jobs are prevalent in each economy. Goods and services are the backbone of any economy, and to make sure that the economy stays intact, there must be Accountability. Accounting will not let us down.
Wednesday, 11 August 2010
nfl jerseys Can U.S. Luxury Real Estate Markets Sustain Home Prices
The only houses the magazine a list of 25 markets of luxury homes in 2007 can be seen in its January issue. According to the report of Real estate can be a powerful marketing job or real estate may be the worst idea you've ever tried to build his real estanfl jerseyste business. Internet marketing for real estate is a whole new ball game in itself, be prepared to collect an astute learner to the most from the experience. The main objective of any marketing of the Internet in Real Estate is the campaign that will help the tracks you need to make a list of interested parties. The prospect list consists of people who have the potential to help our clients think of your time. And that means that the management of requests correctly to your website.
Internet marketing for real estate sites have to be somehow useful to visitors. Visitors who are disappointed by their website and never come back, and you know how difficult it is to get one person is the first only 25 luxury apartmentsnfl jerseys.
in markets where the luxury real estate market is a. These markets, with properties that it is from the rest according to the search.
The following is a brief report on the domestic market 10 luxury Clock or reductions in 2007.
1st Annapolis, Maryland. The coastal town in the Chesapeake Bay offers excellent boating and affordable prices compared to Washington's luxury enclaves. With Washington and Baltimore within reasonable distance, the city is very desirable.
2. Asheville, North Carolina. An eclectic ambiance and low-key lifestyle attracts people to Asheville which continues to remain one of the hottest places for luxury home buyers.
3. Aspen, Colorado. From a ski enclave this luxury market has grown into a platinum location. With its four-season appeal and restrictive zoning policies, Aspen is still a highly-sought after destination.
4. Atlanta, Georgia. The city offers several new upscale communities, numerous lifestyle amenities, retreats and much sought after waterfront luxury homes.
5. Austin, Texas. A strong real estate market that saw record gains in 2006, the reputable University of Texas, the scenic lakes and the great music attracts buyers to this hill country.
6. Bellevue/Medina, Washington. With prices going up at 28 percent, the market has still not peaked and several upscale neighborhoods are available at a lower price range when compared to other markets.
7. Beverly Hills, California. One of the top ranked luxury markets that is perpetually in demand, Beverly Hills continues to be untarnished and idolized as the Mecca for luxury. Hollywood Hills is currently a hot market for buyers.
8. Idaho. The growing resort markets in the state garner attention for the state that is making its presence felt in the luxury home market.
9. Jupiter, Florida. The boom has arrived here after Tiger Woods' purchase of a 10-acre estate for $38 m. The market continues to surge on this exclusive island.
10. Manhattan Uptown, downtown, midtown. The luxury market is upbeat with record sales of more than $5 m in 2006 accelerated by Wall Streeters. Co-ops and town houses are favorites among buyers here.
If you are interested in buying or selling a home, condo or any other type of real estate in any of these markets, be sure to seek out the services of a real estate agent to advise you about current local market conditions.
Internet marketing for real estate sites have to be somehow useful to visitors. Visitors who are disappointed by their website and never come back, and you know how difficult it is to get one person is the first only 25 luxury apartmentsnfl jerseys.
in markets where the luxury real estate market is a. These markets, with properties that it is from the rest according to the search.
The following is a brief report on the domestic market 10 luxury Clock or reductions in 2007.
1st Annapolis, Maryland. The coastal town in the Chesapeake Bay offers excellent boating and affordable prices compared to Washington's luxury enclaves. With Washington and Baltimore within reasonable distance, the city is very desirable.
2. Asheville, North Carolina. An eclectic ambiance and low-key lifestyle attracts people to Asheville which continues to remain one of the hottest places for luxury home buyers.
3. Aspen, Colorado. From a ski enclave this luxury market has grown into a platinum location. With its four-season appeal and restrictive zoning policies, Aspen is still a highly-sought after destination.
4. Atlanta, Georgia. The city offers several new upscale communities, numerous lifestyle amenities, retreats and much sought after waterfront luxury homes.
5. Austin, Texas. A strong real estate market that saw record gains in 2006, the reputable University of Texas, the scenic lakes and the great music attracts buyers to this hill country.
6. Bellevue/Medina, Washington. With prices going up at 28 percent, the market has still not peaked and several upscale neighborhoods are available at a lower price range when compared to other markets.
7. Beverly Hills, California. One of the top ranked luxury markets that is perpetually in demand, Beverly Hills continues to be untarnished and idolized as the Mecca for luxury. Hollywood Hills is currently a hot market for buyers.
8. Idaho. The growing resort markets in the state garner attention for the state that is making its presence felt in the luxury home market.
9. Jupiter, Florida. The boom has arrived here after Tiger Woods' purchase of a 10-acre estate for $38 m. The market continues to surge on this exclusive island.
10. Manhattan Uptown, downtown, midtown. The luxury market is upbeat with record sales of more than $5 m in 2006 accelerated by Wall Streeters. Co-ops and town houses are favorites among buyers here.
If you are interested in buying or selling a home, condo or any other type of real estate in any of these markets, be sure to seek out the services of a real estate agent to advise you about current local market conditions.
Monday, 9 August 2010
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Everyone is different, but everyone enjoys the satisfaction of knowing something of value received during a scavenger hunt, or landing the nfl jerseys big or the joy of the piece that was lost. We also believe that the medical technician, an expert in chemistry and medicine, birth year, after years of searching for a drug for treating or preventing cancer or the occurrence of heart diseases or polio or blindness, which finally made it, the wonder drug , the world's most successful shows to find. How do you respond, not just hope or a material reward, but also that their hard work has brought considerable benefits to mankind.
It’s all about achievement.
We can think, too, of the professional athlete who trains day after day, six or seven days a week, taking care of his body while listening to the good counsel of skilled professionals as well as to the rhythms of his own nature. Names come readily to mind: Roger Federer; Lance Armstrong; Al Oerter, four-time Olympic Gold Medalist in Discus Throw; Tiger Woods; Oscar Pistorius, who runs competitively on prosthetic legs and feet; Tim Tebow, the Gators quarterback and Heisman Trophy winner; Usain Bolt, who keeps on breaking his own records here in August 2009. You could think of dozens of others.
All of them are fine examples of winning in the physical world in which we live. That world is governed by natural laws and constraints which apply universally. They never change. We are amazed if we will just stop for a moment to think of the majesty of the spiral, which is the most dynamic form in the natural world. The spiral design of the tiniest sea creature’s shell – an eighth the size of your smallest fingernail – is identical to the spiral design of the sunflower seed pod, the pine cone, the tail of the sea horse, the whirlpool, the hurricane, and the spiral galaxy. The mathematics are identical; it’s only a question of degree. The same rules apply everywhere, all the time.
However, we live in another world too, a world which we cannot see – the world of human emotion, which is not reducible to numbers. It cannot be quantified. The comfortable predictability of the physical world does not apply in this instance. The rules of the two worlds are different; they parallel each other; but the lines never cross.
There comes to mind the memory of Long Term Capital Management, a hedge fund of ten years or so ago, which specialized in extracting profit from the expected convergence or divergence of the value of Russian sovereign bonds compared to the value of other financial instruments. Two of the firm’s backers were Nobel prize-winning economists who had developed a mathematical (i.e., physical) algorithm for the pricing of options on financial instruments. It worked like a charm for a while. The company became so successful in its trading with the Nobelists’ system that it made larger and larger bets, into the millions and then into the billions of dollars, spreading the risks around Wall Street so that no one outside the company could know the extent of the gamble. Difficulty arose when a human event intervened upon the process – one which the algorithm did not account for – namely, the
nfl shop human decision on the part of leaders in Moscow to “take the necessary medicine” and default on Russian bonds. The result was that, instead of the expected narrowing of the spread, it widened and widened to the point at which the company was on the verge of collapse; and its trades were so large and so spidery that the impending default of the company nearly brought down the entire financial system of the country and, arguably, of the world. It was only through the active (but quiet) intervention and arm-twisting of the New York Federal Reserve Bank that widespread disaster was averted. Author Roger Lowenstein has captured the entire sequence in his great little book entitled “When Genius Failed.”
The moral of the story is that the world of finance is a world of human emotion in which the rules of the physical world do not apply.
In that world of human emotion, the best measuring-stick ever devised is the stock market. There, it all comes together in the mass emotions of the herd. Investors and traders, as a group, are truly members of a herd; the term should not be used or considered loosely, because it does apply factually. We all know that investors will often jump on a particular stock because it’s “hot;” and it’s “hot” because members of the herd have a natural instinct to run with the crowd. When the price of a stock goes up, its desirability goes up; contrarywise, when the price of a steak goes up, its desirability goes down. This is one more proof that the physical world and the world of finance operate under different rules.
It is possible to track human emotion as it operates in the stock market, and reasonably to predict its outcome based upon past evidence. Human emotion leaves clues in its wake. Those clues are to be found in the record of price action in the stock market, in the many individual stocks and, more generally, in the major Indexes such as the Dow Industrials, the S&P 500 and 100, the NASDAQ 100 and Composite, and in the Russell 2000.
The style of those clues was devised hundreds of years ago in the Japanese rice trade. One trader, in particular, discovered that if he were to keep a written record of prices on a given trading day, characterized by a vertical line (drawn against a price scale) which showed the total price range of the day with the line (or “candle”) “ballooned out” between the opening and closing prices and the balloon filled in or blackened if the closing price were lower than the opening price, he would get a sense of the mood, or psychology, of the traders and could plan better for the next day. He also discovered that not only did one day’s price bar possess predictive capacity, but also that a pattern of several days in a row gave him the ability to see reversals of trend in the making. It was such a simple system, and yet so revealing.
Today, not surprisingly, we know that trader’s system as “Japanese Candlesticks.” It was brought to this country 20 or 25 years ago, and over time has gained increasing acceptance because of its ability, when properly interpreted, to predict reversals of trend.
Obviously, if the “balloon” portion of the Candlestick price bar is not filled in, i.e., left “white,” traders as a group were positive on the day; and if the balloon is filled in, or left “black,” the mood was negative. The exercise really comes to life in the present day in real-time price presentation on the computer, where changes in traders’ mood can be observed as they are happening.
Much valuable information can be gleaned from observing the color of an individual Candlestick (whether black or white), by the size of it, by the degree of spread between the price on opening and the price on closing, by the size of the difference between opening and closing (which is known as the “real body” of the candle, by the location of the real body within the total range of the day’s trading, and by its relationship to the candles which preceded it.
Even the price bar which is represented by a lone Candlestick can contain valuable information. For example, if at the top of a long-standing trend there appears a large black candle which menacingly overshadows a white candle which immediately precedes it, that is known as a “Dark Cloud Cover” and is considered to be a bearish omen and a predictor of a possible reversal of trend to the downside. Some reversal patterns consist of single bars; some of them consist of two, or three, or even four bars.
Therein lies the greatest advantage of the Candlesticks: they can give advance warning of the development of a reversal. An adept trader may not wait for completion of a multi-bar reversal pattern; he may elect to take a modest risk by seizing upon the early warning and enter a trade. Many traders like to establish a trade early in a possible trend reversal, on the theory that an entry early in the game offers the best possibility of making a profit.
The Candlesticks come into full flower as predictors of trend reversal when a particular multi-bar pattern forms. For example, there is the “Morning Star,” a bullish pattern, which consists of three Candlesticks in a row: first there will be a tall black bar; next a bar (which is called the “Star”) which will have a small real body near the bottom of the tall black bar; and then a tall white bar. What is the significance of all of this? First, the tall black bar was evidence that traders were in a negative mood that day, driving prices down; then there was something of a “panic stop” when traders decided to halt in order to survey the landscape before committing very much one way or the other; and finally, the tall white bar showed that the underlying psychology of the traders had changed dramatically to the upside by their vigorous buying. Frequently, the Morning Star will be followed by a powerful and long rise in prices.
The Candlestick reversal patterns operate the same in all time frames, from one minute to ten minutes to daily to weekly to annually. Many of them which appear at the top or at the bottom of established trends have mirror images of themselves at the other end of a trend. As one might expect, the mirror image of the Morning Star is the Evening Star.
The basic Candlestick reversal patterns were given names a long time ago. Some of their names recall physical features which we see in nature, such as the “Shooting Star,” which surely looks to the eye very much like a real shooting star. Almost nothing has been written about variations on the patterns to which we have become accustomed, other than the fact that there are such things. Until lately, little has been said about the possibility that there is more to it than just the standard patterns.
While other folks have a great time searching for buried treasure, or hunting, or fishing, I find that the joy of looking for variations on the well-known Candlestick patterns is very satisfying. It is quite a positive experience to discover a variation, to follow it along, to discover whether it possesses some of the same characteristics as its parent, and – if it does – to giving it a name of its own. It’s the pleasure of discovering something new or different.
Here are some great examples. On March 6, 2009, I noticed one particular Candlestick bar at the bottom of a long downtrend. It was the first indication of a possible price reversal. Sure enough, a weekend and a day later a complete pattern emerged in the Dow Industrials Index which looked for all the world like the bullish “Morning Star,” except that it didn’t have just one “Star” between the tall black candle and the tall white candle – it had two. I wondered whether it might have the same bullish characteristics as the “standard” Morning Star. The result was clearly positive: prices rose dramatically over the next several days, and eventually became a the Great Rally of 2009, which will be long remembered. The necessary conclusion was that, indeed, this was a powerful reversal pattern, a variation on the Morning Star to be sure, but that it deserved recognition as a separate pattern in its own right, and its own name. I named it the “Tokyo Express.”
It eventually petered out, and the trend reversed to the downside; but believing that the rally was not yet complete, I continued to watch for another upside reversal pattern. It came in July, at the tail end of an intermediate downtrend. Once again, I spotted what appeared to be a variation on the Morning Star, except this time it contained three Stars situated between the tall black candlestick and the tall white candlestick. It was so finely formed that I felt that it had the potential to be strongly bullish. Prices rocketed up in a repeat performance of the March experience, and prices were driven to a new high point in August (which, as this is being written, is proving to be a remarkably strong day in the market).
The pattern had obviously proven itself. Once again, I concluded that it was so obviously a valid bullish predictor that it is deserving of recognition, not just as a variation of the Morning Star but as a legitimate Candlestick bullish reversal pattern. One could consider it to be either a variation on the basic Morning Star or as a variation on the “Tokyo Express.” Either way will suffice; “fielder’s choice.” I chose to give it a name all its own: the “Kobe Cruiser.”
The “joy of looking” has produced two winners in a row. This has been an immensely gratifying experience. I hope and intend that it not be the last of its kind. I’m delighted that I was able to spot these two hitherto unheralded Candlestick reversal patterns soon enough to understand their possible significance, and that, hopefully, the body of existing knowledge about the subject has been expanded. As their discoverer and namer, I assert that the “Tokyo Express” and the “Kobe Cruiser” deserve to be recognized as true bullish Japanese Candlestick reversal patterns in their own right.
William Kurtz
August 21, 2009
It’s all about achievement.
We can think, too, of the professional athlete who trains day after day, six or seven days a week, taking care of his body while listening to the good counsel of skilled professionals as well as to the rhythms of his own nature. Names come readily to mind: Roger Federer; Lance Armstrong; Al Oerter, four-time Olympic Gold Medalist in Discus Throw; Tiger Woods; Oscar Pistorius, who runs competitively on prosthetic legs and feet; Tim Tebow, the Gators quarterback and Heisman Trophy winner; Usain Bolt, who keeps on breaking his own records here in August 2009. You could think of dozens of others.
All of them are fine examples of winning in the physical world in which we live. That world is governed by natural laws and constraints which apply universally. They never change. We are amazed if we will just stop for a moment to think of the majesty of the spiral, which is the most dynamic form in the natural world. The spiral design of the tiniest sea creature’s shell – an eighth the size of your smallest fingernail – is identical to the spiral design of the sunflower seed pod, the pine cone, the tail of the sea horse, the whirlpool, the hurricane, and the spiral galaxy. The mathematics are identical; it’s only a question of degree. The same rules apply everywhere, all the time.
However, we live in another world too, a world which we cannot see – the world of human emotion, which is not reducible to numbers. It cannot be quantified. The comfortable predictability of the physical world does not apply in this instance. The rules of the two worlds are different; they parallel each other; but the lines never cross.
There comes to mind the memory of Long Term Capital Management, a hedge fund of ten years or so ago, which specialized in extracting profit from the expected convergence or divergence of the value of Russian sovereign bonds compared to the value of other financial instruments. Two of the firm’s backers were Nobel prize-winning economists who had developed a mathematical (i.e., physical) algorithm for the pricing of options on financial instruments. It worked like a charm for a while. The company became so successful in its trading with the Nobelists’ system that it made larger and larger bets, into the millions and then into the billions of dollars, spreading the risks around Wall Street so that no one outside the company could know the extent of the gamble. Difficulty arose when a human event intervened upon the process – one which the algorithm did not account for – namely, the
nfl shop human decision on the part of leaders in Moscow to “take the necessary medicine” and default on Russian bonds. The result was that, instead of the expected narrowing of the spread, it widened and widened to the point at which the company was on the verge of collapse; and its trades were so large and so spidery that the impending default of the company nearly brought down the entire financial system of the country and, arguably, of the world. It was only through the active (but quiet) intervention and arm-twisting of the New York Federal Reserve Bank that widespread disaster was averted. Author Roger Lowenstein has captured the entire sequence in his great little book entitled “When Genius Failed.”
The moral of the story is that the world of finance is a world of human emotion in which the rules of the physical world do not apply.
In that world of human emotion, the best measuring-stick ever devised is the stock market. There, it all comes together in the mass emotions of the herd. Investors and traders, as a group, are truly members of a herd; the term should not be used or considered loosely, because it does apply factually. We all know that investors will often jump on a particular stock because it’s “hot;” and it’s “hot” because members of the herd have a natural instinct to run with the crowd. When the price of a stock goes up, its desirability goes up; contrarywise, when the price of a steak goes up, its desirability goes down. This is one more proof that the physical world and the world of finance operate under different rules.
It is possible to track human emotion as it operates in the stock market, and reasonably to predict its outcome based upon past evidence. Human emotion leaves clues in its wake. Those clues are to be found in the record of price action in the stock market, in the many individual stocks and, more generally, in the major Indexes such as the Dow Industrials, the S&P 500 and 100, the NASDAQ 100 and Composite, and in the Russell 2000.
The style of those clues was devised hundreds of years ago in the Japanese rice trade. One trader, in particular, discovered that if he were to keep a written record of prices on a given trading day, characterized by a vertical line (drawn against a price scale) which showed the total price range of the day with the line (or “candle”) “ballooned out” between the opening and closing prices and the balloon filled in or blackened if the closing price were lower than the opening price, he would get a sense of the mood, or psychology, of the traders and could plan better for the next day. He also discovered that not only did one day’s price bar possess predictive capacity, but also that a pattern of several days in a row gave him the ability to see reversals of trend in the making. It was such a simple system, and yet so revealing.
Today, not surprisingly, we know that trader’s system as “Japanese Candlesticks.” It was brought to this country 20 or 25 years ago, and over time has gained increasing acceptance because of its ability, when properly interpreted, to predict reversals of trend.
Obviously, if the “balloon” portion of the Candlestick price bar is not filled in, i.e., left “white,” traders as a group were positive on the day; and if the balloon is filled in, or left “black,” the mood was negative. The exercise really comes to life in the present day in real-time price presentation on the computer, where changes in traders’ mood can be observed as they are happening.
Much valuable information can be gleaned from observing the color of an individual Candlestick (whether black or white), by the size of it, by the degree of spread between the price on opening and the price on closing, by the size of the difference between opening and closing (which is known as the “real body” of the candle, by the location of the real body within the total range of the day’s trading, and by its relationship to the candles which preceded it.
Even the price bar which is represented by a lone Candlestick can contain valuable information. For example, if at the top of a long-standing trend there appears a large black candle which menacingly overshadows a white candle which immediately precedes it, that is known as a “Dark Cloud Cover” and is considered to be a bearish omen and a predictor of a possible reversal of trend to the downside. Some reversal patterns consist of single bars; some of them consist of two, or three, or even four bars.
Therein lies the greatest advantage of the Candlesticks: they can give advance warning of the development of a reversal. An adept trader may not wait for completion of a multi-bar reversal pattern; he may elect to take a modest risk by seizing upon the early warning and enter a trade. Many traders like to establish a trade early in a possible trend reversal, on the theory that an entry early in the game offers the best possibility of making a profit.
The Candlesticks come into full flower as predictors of trend reversal when a particular multi-bar pattern forms. For example, there is the “Morning Star,” a bullish pattern, which consists of three Candlesticks in a row: first there will be a tall black bar; next a bar (which is called the “Star”) which will have a small real body near the bottom of the tall black bar; and then a tall white bar. What is the significance of all of this? First, the tall black bar was evidence that traders were in a negative mood that day, driving prices down; then there was something of a “panic stop” when traders decided to halt in order to survey the landscape before committing very much one way or the other; and finally, the tall white bar showed that the underlying psychology of the traders had changed dramatically to the upside by their vigorous buying. Frequently, the Morning Star will be followed by a powerful and long rise in prices.
The Candlestick reversal patterns operate the same in all time frames, from one minute to ten minutes to daily to weekly to annually. Many of them which appear at the top or at the bottom of established trends have mirror images of themselves at the other end of a trend. As one might expect, the mirror image of the Morning Star is the Evening Star.
The basic Candlestick reversal patterns were given names a long time ago. Some of their names recall physical features which we see in nature, such as the “Shooting Star,” which surely looks to the eye very much like a real shooting star. Almost nothing has been written about variations on the patterns to which we have become accustomed, other than the fact that there are such things. Until lately, little has been said about the possibility that there is more to it than just the standard patterns.
While other folks have a great time searching for buried treasure, or hunting, or fishing, I find that the joy of looking for variations on the well-known Candlestick patterns is very satisfying. It is quite a positive experience to discover a variation, to follow it along, to discover whether it possesses some of the same characteristics as its parent, and – if it does – to giving it a name of its own. It’s the pleasure of discovering something new or different.
Here are some great examples. On March 6, 2009, I noticed one particular Candlestick bar at the bottom of a long downtrend. It was the first indication of a possible price reversal. Sure enough, a weekend and a day later a complete pattern emerged in the Dow Industrials Index which looked for all the world like the bullish “Morning Star,” except that it didn’t have just one “Star” between the tall black candle and the tall white candle – it had two. I wondered whether it might have the same bullish characteristics as the “standard” Morning Star. The result was clearly positive: prices rose dramatically over the next several days, and eventually became a the Great Rally of 2009, which will be long remembered. The necessary conclusion was that, indeed, this was a powerful reversal pattern, a variation on the Morning Star to be sure, but that it deserved recognition as a separate pattern in its own right, and its own name. I named it the “Tokyo Express.”
It eventually petered out, and the trend reversed to the downside; but believing that the rally was not yet complete, I continued to watch for another upside reversal pattern. It came in July, at the tail end of an intermediate downtrend. Once again, I spotted what appeared to be a variation on the Morning Star, except this time it contained three Stars situated between the tall black candlestick and the tall white candlestick. It was so finely formed that I felt that it had the potential to be strongly bullish. Prices rocketed up in a repeat performance of the March experience, and prices were driven to a new high point in August (which, as this is being written, is proving to be a remarkably strong day in the market).
The pattern had obviously proven itself. Once again, I concluded that it was so obviously a valid bullish predictor that it is deserving of recognition, not just as a variation of the Morning Star but as a legitimate Candlestick bullish reversal pattern. One could consider it to be either a variation on the basic Morning Star or as a variation on the “Tokyo Express.” Either way will suffice; “fielder’s choice.” I chose to give it a name all its own: the “Kobe Cruiser.”
The “joy of looking” has produced two winners in a row. This has been an immensely gratifying experience. I hope and intend that it not be the last of its kind. I’m delighted that I was able to spot these two hitherto unheralded Candlestick reversal patterns soon enough to understand their possible significance, and that, hopefully, the body of existing knowledge about the subject has been expanded. As their discoverer and namer, I assert that the “Tokyo Express” and the “Kobe Cruiser” deserve to be recognized as true bullish Japanese Candlestick reversal patterns in their own right.
William Kurtz
August 21, 2009
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Sunday, 8 August 2010
nfl jerseys Is the Financial Advantage for Senator Obama Too Huge
Senator Barack Obama chose public financing system in the U.S. presidential election, John McCain has chosen to remain in the system. It cheap nfl jerseys seems that Obama is $ 250,000,000 for the month of September and October to invest, and McCain may be about $ 85 million. Should McCain be afraid? Yes and no.
No, I do not think the financial advantage Obama is a lot to do in advertising (traditional and nontraditional) for his candidacy and why. The reason is simple - the time is short, and it will be a lot of free publicity. Here are some possibilities are that Obama's financial resources to the size and scale use of advertising. Let the elements in advertising.
First, Obama can and will probably advertise in almost all the 50 states -- even as his campaign will concede that several states like Alaska have not voted for a Democratic candidate for a very long time. The goal of this exercise to merely scare up McCain's campaign and force him to spend some of his valuable resources -- money and time -- in some of those states lest he should lose. Will this be effective? I rate the effectiveness about 3 on a 1-10 scale (10 being most effective) because when push comes to shove McCain will not divert his resources (he cannot afford to) and thus would call the bluff (not out of choice but out of necessity.)
Second, Obama can use micro-segmenting and try and use different media for diffusing his image. Money provides that luxury. Obama can also try non-traditional approaches and media.
Will be this an effective strategy? Better than the 50-states strategy but not overwhelmingly so. I would rate this strategy to be about 5. The reason is simple. The Presidential race will get plenty of free media coverage from networks, cable channels, print media, blogs, u-tube productions and those Presidential debates. Additional reach -- over and above these -- is likely to hav
nfl jerseyse marginal impact. Further, the content/message of the candidate does matter.
The message will determine the basic positioning of the candidate, and no amount of volume of reach can necessarily change that positioning. Two examples of this are: one, though Barack Obama invested thrice as much as Hillary Clinton in Pennsylvania Democratic primary and twice as much in Ohio, the ultimate preference numbers did not change from the forecasts three weeks before the actual voting; two, with less than $1 million investment the 'Swift Boat' advertisement against John Kerry was devastatingly effective. In the first case, the message was the same but in the second case, the message was sharply different and new (whether that was true or not is besides the point -- further, since Senator Kerry did not effectively and immediately repudiate the attacks the message assumed a level of truthfulness as a default.)
Final aspect of this element is that Obama is likely to receive somewhat of a negative coverage from the mainstream media for his rejection of public financing -- this is not huge but one cannot ignore the word-of-mouth value of major networks and newspapers. In this case, the word-of-mouth effect would be negative.
Yes, because Obama might gain a very substantial advantage in voter registration, and mobilization with paid staff and localized promotion and patronage. It takes almost one-on-one to persuade a voter to register, and then actually vote on the election day. The upside of such voter mobilization is monume
nfl jerseysntal. Particularly when the enthusiasm for McCain's candidacy is somewhat muted thus far. For example, in the recent USA Today-Gall Up survey 61% of Democrats said they were more enthusiastic than usual about voting in this year's election, while just 35% of Republicans said that.
Obama can employ this vast resource to mobilizing voters through registering new voters and individual contacts -- paid staff (and volunteers) knocking on the doors, telephonic calls, mobilization on the day of the election. Here, the resources can make a very big impact. I would rate the potential effectiveness of this approach about 7. There is substantially higher marginal benefit to be achieved here.
For illustration, let us examine Ohio (20 electoral votes.) In 2000, Al Gore lost the state only by about 350,000 votes even without any campaign investment. In 2004, John Kerry lost Ohio by less than 120,000 votes. If only Kerry had mobilized 10 extra votes in every precinct in Ohio, he would have won Ohio and the Presidency. Obama can pour his resources in the ground game in Ohio and quite possibly win it given the current sour political climate. Similarly, Kerry lost New Mexico and Iowa by less than 20,000 votes each -- and that can be easily overcome with strong election-day mobilization. In a state like Georgia where about 600,000 African-Americans have not registered to vote are rich Obama-votes. If they can be mobilized to register to vote and actually turn up to vote, Obama can put Georgia in play. In Florida, more than half a million black registered voters stayed home in 2004. Hundreds of thousands more African Americans are eligible to vote but not registered.
No, I do not think the financial advantage Obama is a lot to do in advertising (traditional and nontraditional) for his candidacy and why. The reason is simple - the time is short, and it will be a lot of free publicity. Here are some possibilities are that Obama's financial resources to the size and scale use of advertising. Let the elements in advertising.
First, Obama can and will probably advertise in almost all the 50 states -- even as his campaign will concede that several states like Alaska have not voted for a Democratic candidate for a very long time. The goal of this exercise to merely scare up McCain's campaign and force him to spend some of his valuable resources -- money and time -- in some of those states lest he should lose. Will this be effective? I rate the effectiveness about 3 on a 1-10 scale (10 being most effective) because when push comes to shove McCain will not divert his resources (he cannot afford to) and thus would call the bluff (not out of choice but out of necessity.)
Second, Obama can use micro-segmenting and try and use different media for diffusing his image. Money provides that luxury. Obama can also try non-traditional approaches and media.
Will be this an effective strategy? Better than the 50-states strategy but not overwhelmingly so. I would rate this strategy to be about 5. The reason is simple. The Presidential race will get plenty of free media coverage from networks, cable channels, print media, blogs, u-tube productions and those Presidential debates. Additional reach -- over and above these -- is likely to hav
nfl jerseyse marginal impact. Further, the content/message of the candidate does matter.
The message will determine the basic positioning of the candidate, and no amount of volume of reach can necessarily change that positioning. Two examples of this are: one, though Barack Obama invested thrice as much as Hillary Clinton in Pennsylvania Democratic primary and twice as much in Ohio, the ultimate preference numbers did not change from the forecasts three weeks before the actual voting; two, with less than $1 million investment the 'Swift Boat' advertisement against John Kerry was devastatingly effective. In the first case, the message was the same but in the second case, the message was sharply different and new (whether that was true or not is besides the point -- further, since Senator Kerry did not effectively and immediately repudiate the attacks the message assumed a level of truthfulness as a default.)
Final aspect of this element is that Obama is likely to receive somewhat of a negative coverage from the mainstream media for his rejection of public financing -- this is not huge but one cannot ignore the word-of-mouth value of major networks and newspapers. In this case, the word-of-mouth effect would be negative.
Yes, because Obama might gain a very substantial advantage in voter registration, and mobilization with paid staff and localized promotion and patronage. It takes almost one-on-one to persuade a voter to register, and then actually vote on the election day. The upside of such voter mobilization is monume
nfl jerseysntal. Particularly when the enthusiasm for McCain's candidacy is somewhat muted thus far. For example, in the recent USA Today-Gall Up survey 61% of Democrats said they were more enthusiastic than usual about voting in this year's election, while just 35% of Republicans said that.
Obama can employ this vast resource to mobilizing voters through registering new voters and individual contacts -- paid staff (and volunteers) knocking on the doors, telephonic calls, mobilization on the day of the election. Here, the resources can make a very big impact. I would rate the potential effectiveness of this approach about 7. There is substantially higher marginal benefit to be achieved here.
For illustration, let us examine Ohio (20 electoral votes.) In 2000, Al Gore lost the state only by about 350,000 votes even without any campaign investment. In 2004, John Kerry lost Ohio by less than 120,000 votes. If only Kerry had mobilized 10 extra votes in every precinct in Ohio, he would have won Ohio and the Presidency. Obama can pour his resources in the ground game in Ohio and quite possibly win it given the current sour political climate. Similarly, Kerry lost New Mexico and Iowa by less than 20,000 votes each -- and that can be easily overcome with strong election-day mobilization. In a state like Georgia where about 600,000 African-Americans have not registered to vote are rich Obama-votes. If they can be mobilized to register to vote and actually turn up to vote, Obama can put Georgia in play. In Florida, more than half a million black registered voters stayed home in 2004. Hundreds of thousands more African Americans are eligible to vote but not registered.
Friday, 6 August 2010
cheap nfl jerseys Professor Henry Gates case is a police state senario or 1984
leHenry doors was the victim of a stupid policy, andnfl jerseys;nfl jerseys;nfl jerseys;nfl jerseys;nfl jerseys;nfl jerseys; a leading political issue, I can prove to white. One night I was driving near a road in Pittsburgh, I was in town the police of two in this area and told him to leave the car. I was very calm at that moment and told him to do some exercises DUI finger on the nose and everything, but police do not come out and say they were my servants testing.The DUI eyes filled with tears.
I told him that I drink in a coconut Cola Classic before it makes on the road, instead of a Diet Coke before driving sugar me sometimes with tears in his eyes, but I am a breath test to prove that I did not drinking.That am the good officers in the car and left.
The next day, barns and Noble I read a book to calm, when you with the police, because if you take out a cop who does not have the freedom of all.Therefore police if they are accountable rude and agree that tries to spend a night in jail. It could be something as simple as one ticket will get.I feel that all policeman should have crimnial justice training at an for 2years before being on a street beat learning subjects like social science
programs and Human relation courses before dealing with people.
Therefore in the case of Henry Gates trying to open his door and being called in by the cops,They should of ask Henry to pull out his license to the question of his identity first apparently he was dressed very well and did not look like anfl jerseys;nfl jerseys;nfl jerseys;nfl jerseys;nfl jerseys;nfl jerseys;nfl jerseys;nfl jerseys;n Mugger breaking into house.
Yes the officer said Henry was pretty pisst off I would be too I heard that Gates was preaching the Bill of rights to the officer, and Gates was right in defending himself he was immediately cuffed and sent down town and Finger printed this is not a black problem it is an white problem also it is part of an police state that coexist and should be amended
.President Obama needed thnfl jerseys;nfl jerseys;nfl jerseys;nfl jerseys;nfl jerseys;e Beer summit to clear the air,of what is happening in racial relations in this day and age, and maybe afraid of a racial riot over this incident. Like I said it is more of police state issue that involves whites as well.
I told him that I drink in a coconut Cola Classic before it makes on the road, instead of a Diet Coke before driving sugar me sometimes with tears in his eyes, but I am a breath test to prove that I did not drinking.That am the good officers in the car and left.
The next day, barns and Noble I read a book to calm, when you with the police, because if you take out a cop who does not have the freedom of all.Therefore police if they are accountable rude and agree that tries to spend a night in jail. It could be something as simple as one ticket will get.I feel that all policeman should have crimnial justice training at an for 2years before being on a street beat learning subjects like social science
programs and Human relation courses before dealing with people.
Therefore in the case of Henry Gates trying to open his door and being called in by the cops,They should of ask Henry to pull out his license to the question of his identity first apparently he was dressed very well and did not look like anfl jerseys;nfl jerseys;nfl jerseys;nfl jerseys;nfl jerseys;nfl jerseys;nfl jerseys;nfl jerseys;n Mugger breaking into house.
Yes the officer said Henry was pretty pisst off I would be too I heard that Gates was preaching the Bill of rights to the officer, and Gates was right in defending himself he was immediately cuffed and sent down town and Finger printed this is not a black problem it is an white problem also it is part of an police state that coexist and should be amended
.President Obama needed thnfl jerseys;nfl jerseys;nfl jerseys;nfl jerseys;nfl jerseys;e Beer summit to clear the air,of what is happening in racial relations in this day and age, and maybe afraid of a racial riot over this incident. Like I said it is more of police state issue that involves whites as well.
Thursday, 5 August 2010
cheap nfl jerseys Superbowl Schedule - Superbowl Kickoff Time - Start Time of Superbowl Pittsburgh Vs. Arizona
Schedule the time kick Superbowl. Knowing what not to miss start time Superbowl XLIII you the Super Bowl kickoff.
Super Bowl XLIII, a socc cheap nfl jerseyser nfl jerseys;;nfl jerseys;;nfl jerseys;nfl jerseys;nfl jerseys; game, which is the master of the National Football League for the 2008 season to decide on 1 February will be played in 2009, kick off at 18.20 with clock Eastern Time (23.20 GMT Clock) Stadium to Raymond James in Tampa, Florida.
It may only American Football Conference champion Pittsburgh Steelers (14-4) and National Football Conference champion Arizona Cardinals (12-7). From a historical note, fits this game two franchises, combined before in a single computer ( Card-Pitt ) for the 1944 season in response to the depleted rosters during World War II. Pittsburgh will be going for its sixth Super Bowl win, which would place it in sole possession of the record for most Super Bowl wins, while the Cardinals are seeking their first league title since 1947 and only the second undisputed league championship in their history. It is the third Super Bowl in history to feature two pre-expansion era (pre-1960) teams, joining Super Bowl XIV (Steelers vs. Los Angeles Rams) and Super Bowl XLI (Indianapolis Colts vs. Chicago Bears). It will be also the first time that two quarterbacks who previously started for a Super Bowl winning team (Kurt Warner and Ben Roethlisberger) will oppose one another since Jim Plunkett's Los Angeles Raiders defeated Joe Theisman's Washington Redskins in Super Bowl XVIII.
2010 AFC North: Ravens and Steelers The Baltimore Ravens have opened at online sportsbooks as -145 betting favorites in 2010 to win the division with the Pittsburgh Steelers +240 the next choice in NFL odds. Last year's AFC North champion Cincinnati Bengals were a +350 underdog while the Cleveland Browns are also a +1800 longshot at online sportsbooks. Baltimore was a wild car nfl jerseys;nfl jerseys;nfl
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title="nfl jerseys">nfl jerseys;d team in 2009 with a 9-7 record and a blowout win over the New England Patriots in the playoffs. The Ravens have been one of the top defensive units in the NFL and John Harbaugh has led them to back to back playoff appearances in his first two years on the job.
Quarterback Joe Flacco took a step back last year and if he returns to his rookie season form, the Ravens could go all the way in odds. Pittsburgh had a serious Super Bowl hangover last year and the off season was even worse as quarterback Ben Roethlisberger was in big time trouble. If coach Mike Tomlin can get the team to focus there is still enough material for a Super Bowl run. But off the field discipline issues and distractions remain a concern. The Bengals caught the struggling enough to emerge as a somewhat surprising winner of the Division last year.
Cincinnati had the 4th ranked defense in the league but quarterback Carson Palmer and the passing attack was ranked only 26th. The Bengals will not catch teams napping a nfl jerseys;nfl jerseys;nfl
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Super Bowl XLIII, a socc cheap nfl jerseyser nfl jerseys;;nfl jerseys;;nfl jerseys;nfl jerseys;nfl jerseys; game, which is the master of the National Football League for the 2008 season to decide on 1 February will be played in 2009, kick off at 18.20 with clock Eastern Time (23.20 GMT Clock) Stadium to Raymond James in Tampa, Florida.
It may only American Football Conference champion Pittsburgh Steelers (14-4) and National Football Conference champion Arizona Cardinals (12-7). From a historical note, fits this game two franchises, combined before in a single computer ( Card-Pitt ) for the 1944 season in response to the depleted rosters during World War II. Pittsburgh will be going for its sixth Super Bowl win, which would place it in sole possession of the record for most Super Bowl wins, while the Cardinals are seeking their first league title since 1947 and only the second undisputed league championship in their history. It is the third Super Bowl in history to feature two pre-expansion era (pre-1960) teams, joining Super Bowl XIV (Steelers vs. Los Angeles Rams) and Super Bowl XLI (Indianapolis Colts vs. Chicago Bears). It will be also the first time that two quarterbacks who previously started for a Super Bowl winning team (Kurt Warner and Ben Roethlisberger) will oppose one another since Jim Plunkett's Los Angeles Raiders defeated Joe Theisman's Washington Redskins in Super Bowl XVIII.
2010 AFC North: Ravens and Steelers The Baltimore Ravens have opened at online sportsbooks as -145 betting favorites in 2010 to win the division with the Pittsburgh Steelers +240 the next choice in NFL odds. Last year's AFC North champion Cincinnati Bengals were a +350 underdog while the Cleveland Browns are also a +1800 longshot at online sportsbooks. Baltimore was a wild car nfl jerseys;nfl jerseys;nfl
jerseys;nfl jerseys;nfl jerseys;
title="nfl jerseys">nfl jerseys;d team in 2009 with a 9-7 record and a blowout win over the New England Patriots in the playoffs. The Ravens have been one of the top defensive units in the NFL and John Harbaugh has led them to back to back playoff appearances in his first two years on the job.
Quarterback Joe Flacco took a step back last year and if he returns to his rookie season form, the Ravens could go all the way in odds. Pittsburgh had a serious Super Bowl hangover last year and the off season was even worse as quarterback Ben Roethlisberger was in big time trouble. If coach Mike Tomlin can get the team to focus there is still enough material for a Super Bowl run. But off the field discipline issues and distractions remain a concern. The Bengals caught the struggling enough to emerge as a somewhat surprising winner of the Division last year.
Cincinnati had the 4th ranked defense in the league but quarterback Carson Palmer and the passing attack was ranked only 26th. The Bengals will not catch teams napping a nfl jerseys;nfl jerseys;nfl
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