In this book, Dr Mak views the financial market from a scientific perspective. The book attempts to provide a realistic description of what the market is, and how future research should be developed. The market is a complex phenomenon, and can be forecasted only with errors — if that particular market can be forecasted at all.The book reviews the scientific literatures on the financial market and describes mathematical procedures which demonstrate that some markets are non-random. How the markets are modeled — phenomenologically and from first principle — is explained.It discusses indicators, which are quite objective, rather than price patterns, which are rather subjective. Similarities between indicators in market trading and operators in mathematics are noted, and particularly, between oscillator indicators and derivatives in Calculus. It illustrates why some indicators, e.g., Stochastics, have limited usage. Several new indicators are designed and tested on theoretical waveforms to check their validity and applicability. The indicators have a minimal time lag, which is significant for trading purposes. Common market behaviors like divergences between price and momentum are explained. A skipped convolution technique is introduced to allow traders to pick up market movements at an earlier time. The market is treated as a nonlinear phenomenon. Forecasting of when the market is going to turn is emphasized.

Research in Computer and Robot Vision is directed toward researchers and graduate students in the field of computer vision. A broad spectrum of recent research is presented including sensing and navigation for mobile robots, the extraction of lines, curves, surfaces, and skeletons from intensity images and range images, human motion, and feature extraction. Three applied research projects are presented on the topics of handwriting recognition, automatic understanding of technical drawings, and the collection and interpretation of 3-D images for use in dentistry. These papers dramatically illustrate the breadth of implications of the use of computer vision in industrial, social, and even medical arenas.

Collection of the monthly climatological reports of the United States by state or region with monthly and annual national summaries.