好像自从圣诞前就觉得该放假了，这些天总是无心恋战，只想虚晃几枪，拨马就走，偏偏还有些乱七八糟的事情。
好像经济危机已经来临，不知道今年还能不能涨工资呢。一眨眼在公司工作一年半了，总体感觉公司还是很不错的，是俺毕业以来碰到的感觉最好的公司。公司比较尊重个人，同事也都很不错，和很多同事的关系像大学同学一样，甚至更好。公司在去年有抢劫案发生时，立即发邮件提醒注意安全，并增开一辆一直到11点的班车。三鹿时间发生后，立即把免费的伊利纯牛奶更换为雀巢。前天又发邮件提醒禽流感事件。
- Try to stay away from the affected areas: (1) Jinan City, Shandong province (2) Lvliang City, Shanxi Province (3) Huaihua City, Huan Province
- 尽量不要去受影响地区：(1) 山东济南；(2) 山西吕梁; (3) 湖南怀化
- If you must go these places during the upcoming Chinese New Year, please notify your immediate manager
- 如在春节期间你必须去这些地方, 请通知你的直接经理
尽管有时候感觉有点小题大做，但感觉还是比较尊重员工的。有个Team整个移到印度，公司给了九个月的时间让在公司内部或者外部找工作。不像有些公司，这种情况可能立即通知走人。
呵呵，终于找到可以一直做下去的公司了。除非公司让俺走，要不俺主动走的可能性比较小了。
公司有点儿不爽的是我在进公司前一直做Java
Tuesday, January 1, 2013
已购图书
2331950
| 财报就像一本故事书 |
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2008-11-17
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2331950
| 财务会计(第九版) |
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2008-11-17
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2331950
| 公司理财（英文版.原书第6版） |
￥88.00
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2008-11-17
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2331950
| 公司理财（原书第6版） |
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￥66.30
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2008-11-17
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2331950
| 经济学原理.微观经济学分册 |
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￥43.16
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2008-11-17
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2331950
| 经济学原理.宏观经济学分册 |
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2008-11-17
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2279394
| 人人都爱经济学 |
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2008-9-29
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2279394
| 固定收入证券市场及其衍生产品（英文版.第2版） |
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￥57.60
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2008-9-29
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2279394
| 巴菲特传:一个美国资本家的成长(投资者不可不读的投资经典) |
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2008-9-29
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2279394
| 伟大的博弈：华尔街金融帝国的崛起(一部资本市场发展过程的活教材.金融界、证券业、学界权威人士专文推荐) |
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2008-9-29
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1253204
| 经管赠送册(品阅+砍掉成本)-赠品 |
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2007-7-19
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1253204
| 投资学（原书第6版） |
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2007-7-19
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1253204
| 金融学 |
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2007-7-19
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1190254
| Oracle 10g Forms Builder Web数据库开发与应用 |
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2007-6-14
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1190254
| Oracle PL/SQL专家指南--高级PL/SQL解决方案的设计与开发 |
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2007-6-14
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1190254
| 精通Oracle 10g PL/SQL编程 |
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2007-6-14
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1190254
| 炒股就这几招.绝招篇（修改版）（附光盘） |
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2007-6-14
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1190254
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2007-6-14
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1190254
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2007-6-14
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1190254
| 散户炒股速成：从入门到精通 |
摄影小技巧
5.6左右是最佳光圈
5018一般起点光圈是F2.8,当然 f1.8-f2.5也不是绝对不能用.
从实拍来看，在绝大多数情况下，如果使用矩阵测光或大面积的中央重点测光，D90 所拍摄的画面感觉与实际准确曝光值相比略欠一些。显然，这是尼康为了方便图片后期制作而进行的保守设计。因此，在实际拍摄中笔者多会将相机的EV 补偿提高0.3 挡，以获得准确的曝光。但如果使用小面积的中央重点测光或点测光，D90 的测光值则非常准确。
用D80 + 50 1.8，在拍摄的时候最好用A当光圈优先档，为了突出背景中的人物可以选择大光圈拍摄，最好使用2.0或2.8，不要使用1.8，因为在最大光圈的画质不是很好，要收1-2档，再有就是1.8的景深太浅了，如果近距离侧面拍摄，只有一个眼睛是实的，（想要这种效果除外），这样可以达到很好的背景虚化效果。若要景和人物都清晰就适当收缩光圈。拍摄时用ISO100，已经是最底的感光度了，可以活得最佳的图像效果，白平衡可以为自动，测光：最好选择点测光模式，对人物面部测光。可以适当的增加1/3档的曝光补偿，人的面部会更加白晰动人。
早上5：30起床，赶紧洗漱完毕赶往电影博物馆
早上5：30起床，洗漱完毕赶紧赶往电影博物馆。6：30到了之后第一个想法就是赶紧回去：队伍实在太长了。跟在队伍后面排了一小会儿，很快打消了回去的念头，因为四五分钟的时间内，后面又多了好几十号人。就是一个《阿凡达》吗，搞得档期快结束了还这么火爆。
排到9点的时候，终于到了电博大门口，然后才发现这个队伍只是排队领一下号，就像现在到银行一样，先领一个号，然后继续排队。
排啊排，我排排排，排到11：30的时候，终于轮到我了，今天的票和明天的票都已经卖完了。万幸的是周一的闭馆时间加映4场，于是买了3张周一中午的票，只能周一请假去看了。
排到9点的时候，终于到了电博大门口，然后才发现这个队伍只是排队领一下号，就像现在到银行一样，先领一个号，然后继续排队。
排啊排，我排排排，排到11：30的时候，终于轮到我了，今天的票和明天的票都已经卖完了。万幸的是周一的闭馆时间加映4场，于是买了3张周一中午的票，只能周一请假去看了。
有什么还可信任
2008年1月8日，北京，人民大会堂灯火辉煌，花团锦簇，国务院隆重举行了国家科学技术奖励大会。中国乳业界20年来空缺国家科技大奖的局面终于被打破——三鹿集团“新一代婴幼儿配方奶粉研究及其配套技术的创新与集成项目”一举夺得国家科学技术进步奖。 （每公斤0.6mg三聚氰胺都能测出来，它每公斤含2000多mg）
4月23日，温家宝在江北区光大奶牛科技园养殖基地考察，他在那里留言：“我有一个梦，让每个中国人，首先是孩子，每天都能喝上一斤奶。” （幸亏只是梦，要不都肾结石了）
用网上广为流传的热帖标题“三鹿，在小朋友的生命健康面前请不要表演”作为关键词搜索，9月12日下午：google显示11400篇，而百度仅能显示11条。（确实如此，我刚试过，google约有114,000项符合，百度找到相关网页236篇，因为多了很多跟这个测试有关的网页）
为什么这次出问题了呢，2008年来奶粉原料大涨，翻了将近一倍，国家又不允许奶粉企业涨价，所以加大了三聚氰胺投放的含量，导致问题出大了，其实保持前几年的含量是不会有大问题的，小孩肾脏长石头得了，含量可是非常的高！这次心黑了些，但是没办法，否则工资也发不出！（这人该封他ID，竟然怪到国家头上）
三鹿用四箱奶粉一纸协议封了浙江王远萍(天涯网友“789oo88oo88”)的口（这是2008年5月21日发生的事情）
中国人缺乏诚信和社会责任感。中国人不了解他们作为社会个体应该对国家和社会所承担的责任和义务。
普通中国人通常只关心他们的家庭和亲属,中国的文化是建立在家族血缘关系上而不是建立在一个理性的社会基础之上。
中国人只在乎他们直系亲属的福址,对与自己毫不相关的人所遭受的苦难则视而不见.毫无疑问,这种以血缘关系为基础的道德观,势必导致自私.冷酷,这种自私和冷酷已经成为阻碍中国社会向前发展的最关键因素。（嗨，我堂堂中华上国，礼仪之邦...）
真的可以为了钱，连良心和道义都舍弃么？
阿宝先吃多美滋，再吃雀巢，现在吃美素，哪个才是值得信任的呢？
三鹿用四箱奶粉一纸协议封了浙江王远萍(天涯网友“789oo88oo88”)的口三鹿用四箱奶粉一纸协议封了浙江王远萍(天涯网友“789oo88oo88”)的口
4月23日，温家宝在江北区光大奶牛科技园养殖基地考察，他在那里留言：“我有一个梦，让每个中国人，首先是孩子，每天都能喝上一斤奶。” （幸亏只是梦，要不都肾结石了）
用网上广为流传的热帖标题“三鹿，在小朋友的生命健康面前请不要表演”作为关键词搜索，9月12日下午：google显示11400篇，而百度仅能显示11条。（确实如此，我刚试过，google约有114,000项符合，百度找到相关网页236篇，因为多了很多跟这个测试有关的网页）
为什么这次出问题了呢，2008年来奶粉原料大涨，翻了将近一倍，国家又不允许奶粉企业涨价，所以加大了三聚氰胺投放的含量，导致问题出大了，其实保持前几年的含量是不会有大问题的，小孩肾脏长石头得了，含量可是非常的高！这次心黑了些，但是没办法，否则工资也发不出！（这人该封他ID，竟然怪到国家头上）
三鹿用四箱奶粉一纸协议封了浙江王远萍(天涯网友“789oo88oo88”)的口（这是2008年5月21日发生的事情）
中国人缺乏诚信和社会责任感。中国人不了解他们作为社会个体应该对国家和社会所承担的责任和义务。
普通中国人通常只关心他们的家庭和亲属,中国的文化是建立在家族血缘关系上而不是建立在一个理性的社会基础之上。
中国人只在乎他们直系亲属的福址,对与自己毫不相关的人所遭受的苦难则视而不见.毫无疑问,这种以血缘关系为基础的道德观,势必导致自私.冷酷,这种自私和冷酷已经成为阻碍中国社会向前发展的最关键因素。（嗨，我堂堂中华上国，礼仪之邦...）
真的可以为了钱，连良心和道义都舍弃么？
阿宝先吃多美滋，再吃雀巢，现在吃美素，哪个才是值得信任的呢？
三鹿用四箱奶粉一纸协议封了浙江王远萍(天涯网友“789oo88oo88”)的口三鹿用四箱奶粉一纸协议封了浙江王远萍(天涯网友“789oo88oo88”)的口
不再折腾iPhone
不再折腾iPhone
手里的这个一代iPhone用了快两年了，当初购买时的版本是1.1.2，还需要卡贴才能破解。后来从1.1.3，2.0，2.1，2.2一路升级而来，上周刚升级到最新的3.0.1，虽然一直很喜欢iPhone，并因此很想拥有一个MacBook Pro，但现在已经对iPhone的新游戏不再有兴趣了。最喜欢的iPhone功能是Stanza图书，iPod视频以及强大的WiFI。想当初自己琢磨出Stanza的备份和恢复方法，视频的隐藏和显示脚本；还写信给韩国mp4te的作者寻求软字幕的支持。现在我需要的都已经有了。3.0.1还是很值得升级的，系统很稳定，功能也有实质性的增强，安装和越狱也很简单，按照这个帖子操作就行了。
当前已有的程序安装文件都保留下来了，并且做了截图以备将来能找回来，以后可能就不再折腾iPhone了。最得意的是给阿宝找了些适合他这个级别操作系统的东东，还花0.99到在app store上买了个ABC Book（浏览和查找时国家必须选US，购买时信用卡得选HongKong）。下次买笔记本的话，希望买个MacBook，可惜周围没有认识的朋友玩Mac OS。虽然Mac上软件少一些，但现在需要的软件好像越来越少。估计谷歌操作系统就够我用了。突然发现，我竟然好长时间没安装或者使用过盗版软件了。操作系统是我msdn会员时赠送的，杀毒软件是通过手机购买的，iTunes，迅雷，QQ和MSN都是免费软件。解压缩软件我用7-zip，Office压根都没装，即使装我也装金山WPS。微软完了，呵呵~~~
另外，podcast上CNBC的"The Suze Orman Show"，MSNBC Rachel Maddow，NBC Nightly News以及Business English用来提高英语很不错。还有个很好的东东，重装之后就找不到了，可惜。
Podcasts:
www.BusinessEnglishPod.com
BBC World Service Talk About English (Learn English)
iPhone
1. 免费的App Store应用
Younote
Stanza
QQ
lunarCalandar
BabyAnimals
Brain
Caissa
ChineseChess
Chopper
Terminal
Labyrinth
iFishing
Hearts
BossPrefs
BrainChal
TalkingDict
Math Magic
Monkey Ball
Asphalt4
Star Invader
Cydia
Billy Frontier
麻雀刑事
Ah..Momeory
AllisJigSaw
iCheese
ImagePuzzle
iSudoku
Hanoi Plus
1. IPA制作教程
不用那么麻烦
太复杂了，直接把app里的icon.png复制出来改名成iTunesArtwork (去掉png后缀)
建Payload文件夹，把app拖入
再在app里的Info.plist文件末尾</dict></plist>前加入(注意非空格对齐)
<key>SignerIdentity</key>
<string>Apple iPhone OS Application Signing</string>
把Payload与iTunesArtwork一起zip压缩，改后缀名为ipa
就行了
2. Stanza
Stanza在线电子书库
Stanza做书传书图文教程
iPhone重新刷机步骤
重新刷机前的状态：
使用No.5 Xz自用版 For 一代 刷机
并安装了一些程序，并备份通讯录等。
重新刷机步骤：
1. 连上iTunes后开机状态下直接按Shift选恢复，选择No.5 Xz自用版 For 一代进行恢复，大概5分钟以内完成。
2. AppStore上安装免费软件Stanza。
3. 安装91手机助手守护程序并恢复通讯录等。
4. 升级Installer和Cydia Essential，OpenSSH已安装，Putty连入修改默认密码alpine。
5. 更新MobileInstallation使能安装ipa。
1）.MobileInstallation传至iPhone的/System/Library/PrivateFrameworks /MobleInstallation.framework/文件夹中替换原文件MobileInstallation，之后赋予此文件777权限。
2）.将/private/var/mobile/中的Applications文件夹设置为777权限，并在/private/var/mobile/Applications/文件夹中新建一个名为Documents的文件夹（注意大小写），同样也设置为777权限，重启iPhone完成安装。
6. 同步其它程序。
7. 关闭不必要的服务。
8. 下载http://books.80.hk epub掌上书苑图书。
手里的这个一代iPhone用了快两年了，当初购买时的版本是1.1.2，还需要卡贴才能破解。后来从1.1.3，2.0，2.1，2.2一路升级而来，上周刚升级到最新的3.0.1，虽然一直很喜欢iPhone，并因此很想拥有一个MacBook Pro，但现在已经对iPhone的新游戏不再有兴趣了。最喜欢的iPhone功能是Stanza图书，iPod视频以及强大的WiFI。想当初自己琢磨出Stanza的备份和恢复方法，视频的隐藏和显示脚本；还写信给韩国mp4te的作者寻求软字幕的支持。现在我需要的都已经有了。3.0.1还是很值得升级的，系统很稳定，功能也有实质性的增强，安装和越狱也很简单，按照这个帖子操作就行了。
当前已有的程序安装文件都保留下来了，并且做了截图以备将来能找回来，以后可能就不再折腾iPhone了。最得意的是给阿宝找了些适合他这个级别操作系统的东东，还花0.99到在app store上买了个ABC Book（浏览和查找时国家必须选US，购买时信用卡得选HongKong）。下次买笔记本的话，希望买个MacBook，可惜周围没有认识的朋友玩Mac OS。虽然Mac上软件少一些，但现在需要的软件好像越来越少。估计谷歌操作系统就够我用了。突然发现，我竟然好长时间没安装或者使用过盗版软件了。操作系统是我msdn会员时赠送的，杀毒软件是通过手机购买的，iTunes，迅雷，QQ和MSN都是免费软件。解压缩软件我用7-zip，Office压根都没装，即使装我也装金山WPS。微软完了，呵呵~~~
另外，podcast上CNBC的"The Suze Orman Show"，MSNBC Rachel Maddow，NBC Nightly News以及Business English用来提高英语很不错。还有个很好的东东，重装之后就找不到了，可惜。
Podcasts:
www.BusinessEnglishPod.com
BBC World Service Talk About English (Learn English)
iPhone
1. 免费的App Store应用
Younote
Stanza
lunarCalandar
BabyAnimals
Brain
Caissa
ChineseChess
Chopper
Terminal
Labyrinth
iFishing
Hearts
BossPrefs
BrainChal
TalkingDict
Math Magic
Monkey Ball
Asphalt4
Star Invader
Cydia
Billy Frontier
麻雀刑事
Ah..Momeory
AllisJigSaw
iCheese
ImagePuzzle
iSudoku
Hanoi Plus
1. IPA制作教程
不用那么麻烦
太复杂了，直接把app里的icon.png复制出来改名成iTunesArtwork (去掉png后缀)
建Payload文件夹，把app拖入
再在app里的Info.plist文件末尾</dict></plist>前加入(注意非空格对齐)
<key>SignerIdentity</key>
<string>Apple iPhone OS Application Signing</string>
把Payload与iTunesArtwork一起zip压缩，改后缀名为ipa
就行了
2. Stanza
Stanza在线电子书库
Stanza做书传书图文教程
可以不用cydia，而在电脑端通过安装使用cyder来下载安装deb补丁， 然后随意进行软件和软件源的安装和添加
kuaidial-0.1.9beta3 目前最好用的拨号及来去电归属地显示软件，功能极其强大，远远强于91来电秀，是替代91来电秀的最佳选择。
dpkg -i *.deb（注意大小写） 以安装该目录下的全部deb文件
注销springboard或者重启
注销springboard或者重启
AutoSHSH是一步备份SHSH的办法
iPhone重新刷机步骤
重新刷机前的状态：
使用No.5 Xz自用版 For 一代 刷机
并安装了一些程序，并备份通讯录等。
重新刷机步骤：
1. 连上iTunes后开机状态下直接按Shift选恢复，选择No.5 Xz自用版 For 一代进行恢复，大概5分钟以内完成。
2. AppStore上安装免费软件Stanza。
3. 安装91手机助手守护程序并恢复通讯录等。
4. 升级Installer和Cydia Essential，OpenSSH已安装，Putty连入修改默认密码alpine。
5. 更新MobileInstallation使能安装ipa。
1）.MobileInstallation传至iPhone的/System/Library/PrivateFrameworks /MobleInstallation.framework/文件夹中替换原文件MobileInstallation，之后赋予此文件777权限。
2）.将/private/var/mobile/中的Applications文件夹设置为777权限，并在/private/var/mobile/Applications/文件夹中新建一个名为Documents的文件夹（注意大小写），同样也设置为777权限，重启iPhone完成安装。
6. 同步其它程序。
7. 关闭不必要的服务。
8. 下载http://books.80.hk epub掌上书苑图书。
Technical Analysis of Stock Trends
Technical Analysis of Stock Trends
ninth version
1. Preface
It was never the intent of this book to forecast or analyze current markets.
Rather it’s purpose was, and is, to learn from history and the past so as to
be better able to deal with the present and the future.
The reader will find numerous free materials that
augment the book at www.edwards-magee.com/nf05/ninthedition.html
Chart formations are the language of the market.
They are, in short, the inerasable fingerprints of human nature made
graphic in the greatest struggle, next to war, in human experience.
As Freud mapped the human psyche, so have Edwards and Magee
mapped the human mind and emotions as expressed in the financial markets.
Not only did they produce a definitive map, they also produced a methodology
for interpreting and profiting from the behavior of men and markets.
Throughout his technical work, John Magee
emphasized three principles: stock prices tend to move in trends; volume
goes with the trend; and a trend, once established, tends to continue in force.
You will certainly
be exposed to advice, suggestions, offers of help from all sides. Unless
you are able to develop some market philosophy of your own, you will not
be able to tell the good from the bad, the sound from the unsound.
Chapter 1 The Technical Approach to Trading and Investing
Technical Analysis refers to the study of the action of the market itself as opposed to the study of the goods in which the market deals.
The fact is that the real value of a share is determined at any given
time solely, definitely, and inexorably by supply and demand, which are
accurately reflected in the transactions consummated on the floor of the New
York Stock Exchange.
In brief, the going price, as established by the market itself, comprehends all the fundamental
information which the statistical analyst can hope to learn (plus some that
is perhaps secret from him, known only to a few insiders) and much else
besides of equal or even greater importance.
prices move in trends and trends tend to continue until something happens to change the
supply–demand balance.
Chapter 2 Charts
Chapter 3 The Dow Theory P3/58
The Minor Trend is the only one of the three trends which can be “manipulated”
A Trend Should Be Assumed to Continue in Effect Until Such Time
as Its Reversal Has Been Definitely Signaled. Entering the 21st century, the American and Global. economy require more sophisticated econometrics than the Dow alone.
Chapter 4 The Dow theory in practice is skipped
Chapter 5 The Dow theory's defects
In brief, an investment of $100 in 1897 would have become $11,236.65
in 1956 simply by buying the Industrial Average stocks each time the Dow
Theory announced a Bull Market and holding them until the Dow Theory
announced a Bear Market. During this period, the investor would have made
15 purchases and 15 sales, or about 1 transaction every 2 years on average.
buying shares only once at the lowest price
recorded by the Industrial Average during these entire 50 years and selling
them only once at the highest. $100 invested at the all-time low, 29.64 on
August 10, 1896, would have become only $1,757.93 at the all-time high,
521.05, 60 years later on April 6, 1956, as against the $11,236.65 derived from
the straight Dow Theory program.
The Dow Theory Does Not Help the Intermediate
Trend Investor
This is perfectly true. The theory gives little or no warning of changes in
Intermediate Trend.
By contrast, the investment of $100, if bought at the low, 29.64, and sold at
the historic high, 11762.71, in January 2000 would have grown to $39,685.03.
In brief, an investment of $100 in 1897 would have become $345,781.94
simply by buying the Industrial Average stocks each time the Dow Theory
announced a Bull Market and holding them until the Dow Theory
announced a Bear Market, then selling.
Clearly the way to reduce market risk to zero is to be out of the market.
NOTES: the tenets of Dow theory and the shortage of Dow theory. the comparison of Dow and Index profits
Chapter 6 Important Reversal Patterns
Head-and-Shoulders Top Formation is one of the more common and, by
all odds, the most reliable of the Major Reversal Patterns.
Chapter 7 Important Reversal Patterns Head-and-Shoulders Bottom
Chapter 10 Other Reversal Phenomena
Therein lies one answer to the
problem of what to do about a Broadening Formation
Chapter 12 Gap
A gap, in the language of the chart technician, represents a price range at
which (at the time it occurred) no shares changed hands。
Must a gap be closed before prices move very far away from it? Certainly
not! Will it be closed eventually? Probably yes.
Page 256/301 The whole Minor Uptrend we have described
Stocks — most of them, at least — do not
change their habits and their technical characteristics much from one Bull
and Bear cycle to the next.
ninth version
1. Preface
It was never the intent of this book to forecast or analyze current markets.
Rather it’s purpose was, and is, to learn from history and the past so as to
be better able to deal with the present and the future.
The reader will find numerous free materials that
augment the book at www.edwards-magee.com/nf05/ninthedition.html
Chart formations are the language of the market.
They are, in short, the inerasable fingerprints of human nature made
graphic in the greatest struggle, next to war, in human experience.
As Freud mapped the human psyche, so have Edwards and Magee
mapped the human mind and emotions as expressed in the financial markets.
Not only did they produce a definitive map, they also produced a methodology
for interpreting and profiting from the behavior of men and markets.
Throughout his technical work, John Magee
emphasized three principles: stock prices tend to move in trends; volume
goes with the trend; and a trend, once established, tends to continue in force.
You will certainly
be exposed to advice, suggestions, offers of help from all sides. Unless
you are able to develop some market philosophy of your own, you will not
be able to tell the good from the bad, the sound from the unsound.
Chapter 1 The Technical Approach to Trading and Investing
Technical Analysis refers to the study of the action of the market itself as opposed to the study of the goods in which the market deals.
The fact is that the real value of a share is determined at any given
time solely, definitely, and inexorably by supply and demand, which are
accurately reflected in the transactions consummated on the floor of the New
York Stock Exchange.
In brief, the going price, as established by the market itself, comprehends all the fundamental
information which the statistical analyst can hope to learn (plus some that
is perhaps secret from him, known only to a few insiders) and much else
besides of equal or even greater importance.
prices move in trends and trends tend to continue until something happens to change the
supply–demand balance.
Chapter 2 Charts
Chapter 3 The Dow Theory P3/58
The Minor Trend is the only one of the three trends which can be “manipulated”
A Trend Should Be Assumed to Continue in Effect Until Such Time
as Its Reversal Has Been Definitely Signaled. Entering the 21st century, the American and Global. economy require more sophisticated econometrics than the Dow alone.
Chapter 4 The Dow theory in practice is skipped
Chapter 5 The Dow theory's defects
In brief, an investment of $100 in 1897 would have become $11,236.65
in 1956 simply by buying the Industrial Average stocks each time the Dow
Theory announced a Bull Market and holding them until the Dow Theory
announced a Bear Market. During this period, the investor would have made
15 purchases and 15 sales, or about 1 transaction every 2 years on average.
buying shares only once at the lowest price
recorded by the Industrial Average during these entire 50 years and selling
them only once at the highest. $100 invested at the all-time low, 29.64 on
August 10, 1896, would have become only $1,757.93 at the all-time high,
521.05, 60 years later on April 6, 1956, as against the $11,236.65 derived from
the straight Dow Theory program.
The Dow Theory Does Not Help the Intermediate
Trend Investor
This is perfectly true. The theory gives little or no warning of changes in
Intermediate Trend.
By contrast, the investment of $100, if bought at the low, 29.64, and sold at
the historic high, 11762.71, in January 2000 would have grown to $39,685.03.
In brief, an investment of $100 in 1897 would have become $345,781.94
simply by buying the Industrial Average stocks each time the Dow Theory
announced a Bull Market and holding them until the Dow Theory
announced a Bear Market, then selling.
Clearly the way to reduce market risk to zero is to be out of the market.
NOTES: the tenets of Dow theory and the shortage of Dow theory. the comparison of Dow and Index profits
Chapter 6 Important Reversal Patterns
Head-and-Shoulders Top Formation is one of the more common and, by
all odds, the most reliable of the Major Reversal Patterns.
Chapter 7 Important Reversal Patterns Head-and-Shoulders Bottom
Chapter 10 Other Reversal Phenomena
Therein lies one answer to the
problem of what to do about a Broadening Formation
Chapter 12 Gap
A gap, in the language of the chart technician, represents a price range at
which (at the time it occurred) no shares changed hands。
Must a gap be closed before prices move very far away from it? Certainly
not! Will it be closed eventually? Probably yes.
Page 256/301 The whole Minor Uptrend we have described
Stocks — most of them, at least — do not
change their habits and their technical characteristics much from one Bull
and Bear cycle to the next.
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