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Wednesday, May 1, 2013

Bed Cooler - A Worthwhile Investment

30 April 2013

Introduction

One of my family had a backache recently and had to be bedridden for about 2 weeks.  One of the many things I did was to buy her a Gel filled cooling pad.




But this pad only has gel inside and required to be cooled every now and then by the fridge.   Bed cooler on the other hand has its own chiller unit and provides constant cooling to the bed.   This article will detail the experience and the research that I have done on bed coolers. 

 

What is a Bed Cooler?

In the market,  there are several type of bed cooler.  Some pump air into a special made mattress;  others,  pump chilled water into tubes or special mattresses.




This article will concentrate on the latter.

 Most bed coolers have the following 6 components:-
1)   A chiller unit which takes out the heat from the water returns from the bed

2)   A small pump which circulates that water to and from the bed

3)   A set of tube usually made of silicone or a special mattress with sealed grooves that allows chilled water to flow within

4)   A temperature controller that regulates and controls the temperature of the chilled water

5)   A water reservoir that stores up the chilled water

6)   A special mattress or set of tubes that allow chilled water to run underneath the bed sheet

 

Different Types of Bed Cooler


In the market,  there are basically 2 different type of bed cooler.    Commonly seen are bed coolers with a small electronic Peltier chillers that run on 12 or 24 volts supply.  The package comes with a control unit that contains all the first 5 components. The special mattress is always coming as a separate unit.  It is "plug and play"  type. 


This type of bed cooler is sold around SGD $800/= for single bed and about SGD$1,300/= for a double bed.

The other type not commonly seen are the bed coolers with an ordinary chiller unit that runs on freon gas.  Though freon chiller unit is 75% more efficient in term of energy usage,  it is not portable and requires piping installation.




What are the Advantages?


1.  Energy Savings

Bed cooler will cool the bed to about 23C-25C which will reduce the need to have room air conditioners turning on all the time;  thus can save 50% to 90% of the electricity consumption according to a test carried out using data acquisition method.


if the bed cooler is of the silicon tube type that runs tubes underneath the bedsheet,  the uneven temperature distribution can be even out by placing a Gel filled cooling pad on top of the tubes.  The gel pad can save more electricity.

2) Balancing Body Temperature

Bed cooler will remove the body heat and keeps that body temperature to a desired temperature, comforting the body  and balancing the body's temperature as one sleeps on the bed. 

Most Chinese believe anti-inflammatory plasters that can relieve body pains as the plasters have camphor or menthol in them. They provide cooling sensation  that will  relax the body's muscles.  The bed cooler will also relax muscles and especially true  for relieving muscle clamps.

3)  Insomnia and Skin Peelings

The author used to have mild insomnia, having difficulty going back to sleep after waking up in the middle of the night. This sickness has not occurred since we have the bed cooler.  May be the cooling of the back and body has the effect of bringing about a better sleeping behaviour. Also noticed is that the hands and fingers are not as dry as before and skin peelings have much reduced.

4)  Preventing Bed Sores in Hospitals

The hospital mattresses and pillows are always lined with PVC covers instead of linen sheets and other materials for hygienic  reasons and ease of cleaning.  Unfortunately,  it bring about a bed sore problem to those patients who are unable to turn their bodies and backs.  Nurses could help but there are limitations.  Bed cooler is the answer.   It can be designed as part of the hospital bed with quick connect-disconnecting devices that have been used for filling up petrols during car racings.  

 

Other Information

 

1) Blanket Covering


It is a good practise to cover the bed with blanket first and turn on the bed cooler half an hour before going to bed. With the blanket covering, one could get some cooling for the whole body. If one can construct a movable and collapsible hood with a big and clear plastic sheet or cloth and attached it to the head board such that it can be pulled it down to cover over the head, one can even get some cool air to pass through the head as well.




2)  Water Treatment

Unless the circulating water system is totally sealed and free from air contact,  bacterias will form and will foul the water to give awful smell.  In that case,  there will be a need to treat the water either chemically or otherwise to get rid of the bacterias and chlorinated water is often used.  Therefore,  it is important for the bed cooler to be constructed of materials that can withstand such water treatment process.

3)  What  should be the temperature setting?

It will depend on each individual.  Some like it cold while others like it warm.  Our body temperature is around 37.7 C,  it is therefore more comfortable to set the bed cooler to not less than 10 C differences or around 27 C;  a temperature setting around 29 C -30 C will be comfortable although it might take time to cool the bed.    One can also operate the bed cooler together with normal air conditioners which can be set to lower the room humidity for comfort cooling.  In this case, the room temperature will around 27 C instead of normal 24C-25C to save electricity. 

 

What about rheumatism?


There is no direct body contact with water.  However, Scientists have found that weather or temperatures and humidity's variation doesn’t cause rheumatism and doesn’t damage joints  but they did find that weather does affect the severity of rheumatic pain. This is because bones, tendons, muscles, and joints have different densities and expand or contract differently when exposed to drops or rises in temperature and humidity.   These weather sensitive people may found it uncomfortable with this kind of cooling. 

 

Can One DIY Bed Cooler?


 The author has DIY a bed cooler using a second hand aquarium chiller and silicone tube that is used to provide air to aquarium tanks.  It has been giving satisfactory results.


References
Cut Cooling Bills by 90%
Spot Cooling Cuts Aircond Bills by 50%
DIY Bed Cooler
Bed Cooler for Ng Teng Fong Hospital

Saturday, April 13, 2013

Head and Shoulder Pattern in Gold Price

13 April 2013


Introduction


The price of gold plunged 5% Friday to its lowest level in three years. Some said it was due to countries like Cyprus dumping gold to pay for the debts;  other said that the economists were increasingly worried about the economy's forward momentum heading into Spring.  Whatever the reason,  lets examine Gold's technical to see where it would be heading.

The Head and Shoulder Pattern


One of the very common pattern in stock analysis is head and shoulders pattern.  It is a reversal pattern and it is most often seen  in uptrends.  It is quite reliable pattern when it is found in an uptrend.

Such a pattern will see buyers coming in to form the left shoulder and the neckline with fairly large volume.   As sellers sell at the highs and push down the price towards the neckline to form the left shoulder,  the buyers return to push up the price which may not necessary be the new high;  however,  the volume will suffer.   When the right hand shoulder is completed and touches the neckline,  sellers  will begin the dumping process with price falling sharply at large volume to complete the pattern. The price may test the neckline as it form the head and shoulder pattern.

After having broken the neckline,  the selling will not stop until a target is reached and this target is found by measuring the distance from the neckline to the top of the head or sometimes,  the shoulders.  When the target is reached,  the price will re-test the neckline.


Is this Pattern Found in Gold Price?


Gold price has developed exactly the same head and shoulder pattern after yesterday's fall except the head is much smaller in size compare to the left and right hand shoulder.




It is likely for Gold to head lower until the target price is reached

Update 1: 18 May 2013

Gold has failed to break the neckline in its attempt recently and now has broken the bear flag resistance of 130.3 except that the volume at the break was low.   The full STO is now at oversold region and the RSI is set for a rebounce.   However,  the ADX (not shown) is telling us  that there may be accelerated declines ahead.  The price development next week will determine the direction.


Update2: 26 June 2013

Gold has broken down again after forming a second neckline which does not usually happening.  The market might not be convinced that the correction was done and there was another opportunity for a second head and shoulder (H&S) to be formed.    This second H&S would appear to set Gold price back further down and have a target price which is less than $1,000/=




Update 3 :  18 August 2013

Gold price broke neckline 2 on around 13 August 2013 on lighter than expected volume.  The breaking down of neckline 2 could be QE tapering related.  As the volume is low during the break up of neckline 2 ,  there is a likelihood of Gold may revisiting neckline 2 in near future if the QE tapering news is reversed. 







Wednesday, April 10, 2013

What Size Aquarium Chiller?

11 April 2013

Introduction

Sizing a chiller for the Aquarium can be a difficult task as the tanks come with various dimensions and sizes;  also,  some aquarium set up can be so different that one would have to work out the detailed heat gain and loss to size a chiller.  This article will give 2 methods on sizing a chiller.

How to Select the Right Size Chiller

Many aqua and reef enthusiasts pick up some knowledge here and there. Some uses the one size larger rule and some just blatantly use figures provided by the manufacturers. Some suggested that chiller should be large enough so that it won’t run longer than half an hour on each start. Some preferred shorter operating time citing lesser wear on the compressor.

The correct chiller sizing should depend on heat loads transmitted into or out of the tank. There are basically the following heat losses/gains that can be found in an aquarium tank;

1) The heat gain from the light fittings
2) The heat gain from the pump or in-line filter
3) The heat gain transmitted through the exposed glasses
4) The heat gain from the occupants
5) The heat gain through surface and the heat loss from evaporation
6) Others heat gain such as those from internal circulating pumps, wave makers etc

As the calculation involves complicated thermodynamics and air conditioning engineering, it would not be discussed here. Those interested can read up this article.

Most enthusiasts just use rules of thumb. The thumb rule of using one size larger appear to be more appropriate because the manufacturer’s guideline often did not consider the extra heat load from the other equipment such as lights, pumps etc; also, the chiller will age and lost efficiencies. Then one might want to add more equipment such as more pumps in future. Some manufacturers could also over-rate their chillers.

Method 1:  Using JBJ Website

JBJ has a website that one can use to size various chillers.

Please note the following when using the website:-
a) For metric to imperial conversion, use the formula degree F= degree C * 9/5 +32 and 1 US gallon = 3.8 litres;
b) Remember that actual water temperature refers to maximum water temperature which should be around 30C or 87F for Singapore;
c) A 40 watts fluorescent fitting will give 50 watts of heat; 40 watts for the lamp and 10 watts for the ballast (25% for magnetic ballast, 20% for electronic ballast and 15% for LED driver);
d) Assume full tank volume and not actual water volume to be safe.
e) It is still good to up one size larger after the calculation.

The term horsepower (HP) is often used for sizing a chiller. One can take that 1 HP=2800 watts of cooling power. Divide that by COP of the chiller (1.3 for freon and 0.55 for Peltier), one should get roughly the power inputs in electricity watts.

Method 2:  Using Table Selection

The following were assumed when working out the table:

1.  The Bulkhead heat load is around 0.6 watts per US gallon;
2.  The pump heat load is around 0.5 watts per US gallon;
3.  The overhead lighting load is around 4 watts per US gallon;
4.  The maximum temperature across the glass is 5.5 degree C




The manufacturers appear to suggest the chiller should be sized such that the chiller should cycle on 15-20 minutes an hour for chiller to run about 6-8 hours per day. Depending on the setting of the temperature and the water flow rates, it may be normal for chiller to run for 1 hours and stay off for 2-3 hours before the next cycle.

Other Relevant Sites
tinyurl :  https://tinyurl.com/ybyepw7p


Saturday, March 16, 2013

Phase Change Material for Bed Cooler

16 March 2013

Introduction

What is phase change material (PCM)?  How do we make use of it for cooling purposes? This article will discuss some of its applications.

What is PCM? 


Ice is a perfect example of a PCM material.  When water is chilled,  it turns from liquid water to solid ice @ 0 oC and vice versa.  During the process of turning water into solid ice,  water will need lots of chilling energy.  When ice is melted to turn into liquid water,  it will release this chilling energy to cool its surroundings.  In the process,  it actually stores and releases cooling energy. 

Many other chemical materials also have the PCM property.They can turn from one material to another at different temperatures.   Some can change from one solid to another,  others can change from solid to gas or liquid to gas.  They store and release heating or cooling energy depending the type of phase change materials.

What are the Applications? 


Because PCM has the energy storage capabilities.  It has long been used in medical as well as engineering areas for cooling and heating purposes.  It has been used also in textile, computing and many other industries.   

PCM has been used often in the thermal storage and transportation.  It  will save space requirement in thermal storage.  PCM materials can be transported over longer distances without losing much energy. This makes it a necessary material for district cooling system.

What are the other Common Applications? 


Heating and cooling pads.  They are used commonly in cold or tropical countries for  quick relief from hot or cold weathers.   Cooling pads have been used also in medical field such as cooling pad for treating fever.  

Cooling pads are  plenty and easily available from the market.  They are economical and yet effective to give cooling immediately.  However,  most of these are passive type.  Without energy renewal or recharging,  they will become ineffective  after one or two hours of usage depending on the design of the pad.   

Application in Bed Cooler  


The author uses cooling pads with bed coolers.  The cooling pads will give instant cooling without the needs to pre-cool the bed every night.  It also helps to save more energy because of the even and reactive cooling of the pad that will allow one to raise cooling temperature of the bed cooler by at least 1 oC.  


References:

DIY Bed Cooler

Saturday, February 9, 2013

How to Regain Disk Storage Space in Windows 7

9 February 2013 

Introduction

The Windows 7 operating system will use a lot of disk storage  for system protection without the users knowing it.  These storage are often hidden away and fully protected from accidental deletion. At times,  a single file can take up as large as 30GB. This article will present a way on how to delete these system protected files and reclaim the disk storage space.

Why Big Files?

Depending on one's Windows usage and how often one installs new programs or create a restore point and how one limits the storage capacity,  the system restore files can add on the new and existing  restore points and can accumulate to quite a sizable file.  Sometimes,  the system restore files may be corrupted and new ones are added on without any mean of deleting the corrupted ones using the normal deleting function provided in system restore.

 

How to find these files?


 To find and view these files,  one has to unhidden them in the Folder view.  

  1. Select [Computer] from [Start] button;
  2. Select the drive to search the files;
  3. Tap [Alt] button  and a file menu will show up;
  4. Select [Folder option] under [Tools]  and then select [View] tab.  The following picture will appear
5.   Select [show hidden files,  folders, and drives] and uncheck the [Hide protected operating system files] and click [ok].  The File Manager will reappear.

6.    In the top right hand corner,  click the [search xxx] box and select [size] and then [gigantic];  a list of files in drive xxx will be shown.

Can one safely deleted the files?


Most system protected files are not safe to be deleted unless one knows what are they;  however,  one can always delete unwanted system restore file as one can always reconstruct these files. One can always test to see if the system restore file will increase in value when one create a new restore point.  In these case,  a system restore file has choked up about 29 GB of space under the [system volume information] folder.



Why such a big file? 


A system restore file is usually about a few gigabyte.  It would increase as one add on more restore points;  sometimes,  the restore points are simply added on uncontrollably by software.  Once written,  it remains there until it is deleted. Other times, these files are just added to the old and existing ones without showing up the names in any system restore pages. 

How to delete these protected files? 


As these are system protected files, the system will not allow any tampering by any windows base operating system such as BARTPE or mini Windows XP etc  even though they are  booted from an external disk drives.  The only way is to delete them by using a separate operating system such as Unix or Linux system.  In this case,  the author has chosen to use KNOPPIX which is an GUI LINUX system.  The free copies of KNOPPIX can be downloaded from here.  Once KNOPPIX is loaded,  navigate in the following 3 steps :
1. first selecting the [File Manager];
2. followed by selecting the [detailed list view] and then
3. select and right click the file to delete it.


 Finalizing 


After logging out from KNOPPIX and booting back into Windows 7,  one should quickly go to the system restore section and make a fresh copy of system restore file.

Tuesday, January 8, 2013

Analysing DOW's Last Bullish Engulfing Pattern

8 January 2013

Introduction


Last Engulfing pattern is an interesting pattern occurring frequently in stocks and equity market.  Able to identify reversal of such pattern can let one reaps profit in stock markets.

What is Last Engulfing Pattern?

Last Engulfing pattern (LEP) occurs when engulfing pattern appears at the top of a rising trend or at the bottom of the falling trend.   The former is often called the Last Bullish Engulfing or Last Engulfing Top and  the latter,  the Last Bearish Engulfing or Last Engulfing Bottom.  Last Bullish Engulfing and Last Bearish Engulfing were spotted for Olam's stock recently




Has LEP Ocurred in DOW and Indexes?

LEPs are often spotted in DOW and other indexes.  There were altogether 34 Last Engulfing Top found in DOW since 2007.  The last was spotted just 2 days ago.


Are LEPs Reversal Patterns?

As can be seen from the above chart,  LEPs are not necessary reversal patterns.  TextBooks differ in views.  Some even testified that LEPs were continuation patterns 65% of the time.  However,  it has been proven that LEPs are reliable reversal patterns if it is confirmed by another candlestick.  There were altogether 6 LEPs having such confirmation:-




Example 1 :- a bullish engulfing top occurred on 31 Oct 2007 and confirmed by a down day.  DOW lost about 200 points or 8.5%




Example 2:-  a bullish engulfing top occurred on 19 May 2008 and confirmed by a down day. DOW lost about 5000 points or 38%


Example 3:   a bullish engulfing top occurred on 21 July 2011 and confirmed by a Bearish Harami. DOW lost about 2000 points or 16%



Any New LEP Spotted?

A LEP was spotted 2 days ago and confirmed by yesterday's bearish engulfing.   It would appear that DOW will be heading down and would not test or break the rising wedge that was shown in the attach.


Update 1: 10 Jan 2013 Last Bullish Engulfing Null

The LEP was null with Alcoa presenting better earning results after the close of 8 Jan  followed by report of 14% increase in the Chinese export on 9 Jan.  These 2 economical data added 142 point to DOW and created a bullish engulfing pattern which will test the major resistances at 13,600.  However,  the trading volume at the point of the break was not impressive.   In the event it fail to break through the resistance,  a double top will be formed.




Disclaimer: Please verify the information if they are to be used for trading purposes

Tuesday, December 18, 2012

The Last Bearish Engulfing Pattern for Olam


18 December 2012

Introduction

After having created a false breakdown, Olam’s stock price continued to slide about 7% from SGD$1.50 on 6 Dec to SGD$1.39 on 17 Dec. A reversal pattern called “Last Bearish Engulfing” pattern was spotted yesterday and the reversal was confirmed today.


What is “Last Bearish Engulfing” Pattern ?

Engulfing patterns are reversal patterns. Normal Bearish Engulfing patterns will only occur at the top of a trend and Bullish Engulfing pattern, at the bottom.  The various different engulfing patterns and their trigger and failing conditions are as shown:-



However, when buyers and sellers were caught trading in the wrong direction,  they form "Last Engulfing" patterns; for example, the “panicked” sellers are selling their last stock position yesterday and thus creating a Bearish Engulfing patterns. It is true also when “hopeful” buyers are buying once more at the top, thus forming a Bullish Engulfing patterns at the top. Experienced traders will take the opportunity to either buy up the stock at the bottom or sell down the stock at the top when they see the occurrence of any “Last Engulfing Patterns (LEP)”.


However, LEPs are not exactly reversal patterns. Some chartists, after some countings, were of the views that LEPs are actually continuation patterns for 65% of the time. Unlike the normal Engulfing patterns, some traders were confused. They short or buy the stocks at the wrong time for a wrong price; as a result, there were no concerted effort to push the stock very far. Like the normal Engulfing patterns, LEPs will need confirmation candlestick to determine the direction.

Trading Recommendation

Because LEPs are not real engulfing patterns, it is likely for Olam to go as far as testing the major resistance line shown red in the attached. It is therefore not recommended to enter the market, not until the price has crossed above the major resistance line with +DI also crossing above –DI, which are signs for a full recovery.



Update 1:  28 December 2012  Last Bullish Engulfing Pattern

After having created a Last Bearish Engulfing pattern on 17 Dec,  Olam's price rose about 10% from 1.39 to 1.56 in a week.  Today,  it formed a Last Bullish Engulfing pattern at the top as shown.


The textbooks are mixed about this Last Bullish Engulfing pattern.  Some said this pattern will break up most of the time;  others said that this is a bearish reversal pattern that will break down eventually as shown in this chart.



Usually when rights issue is being issued, the stock price will fall due to price dilution on ex-Rights day.  However,  Olam's price  did not drop as if it was being supported due to prolonged down trend.  Last Bullish Engulfing pattern will need confirmation to determine the direction.


Update2:  7 Jan 2013 Last Bullish Engulfing with Bearish Harami


After having formed the Last Bullish Engulfing candlestick on 28 December,  Olam's price rose about 10% and formed a Bearish Harami on 4 Jan 2013.  It is as if the investor knew the price would fall as Temasek would not buy as it took up the remaining Rights issues.   The Bearish Harami reversal pattern will be confirmed if today is a down day and Olam's price will continue to fall and may go even lower than the last low.



Disclaimer:   Please verify the information if they are to be used for trading purposes










Thursday, December 6, 2012

A False Breakdown in Olam International?


6 December 2012

Introduction

Olam was attacked by Muddy Waters who has a “strong sell” rating because Olam has accumulated debts (current and long term) of over SGD$8.0 bil. Olam counteracted the attack by raising more fund with the backing of Temasek, who has 16% share in the company.

Olam’s stock price dropped from a high of about SGD$2.00 in Oct 2012 to the present level of SGD$ 1.45. Olam was expected to form a bear flag but today’s trading showed otherwise. It went below yesterday's close with lesser trading volume.  Is there a false breakdown in Olam’s trading?

What is a False Breakdown?

A false breakout or breakdown is usually referring to stock price that wanders out of a range,  making  temporary price movement up or down but soon returns back to its original position. This usually happens when stock breaks a support or resistance lines without any support of trading volume to sustain the move.

One example is as follows



Why?

In the case of a false breakdown, the shortists either run out of fund or not aware of prevailing news.  They  continue shorting the stock until the price started to show “exhaustion” without much support from the other shortists. When that happens, the bulls will  enter the market forcing the shortists to cover their shorts. The same will happen when there is a false breakout except it is in reverse.

Example?

Olam has a living example. In May 2012, Olam’s 3rd Quarter profit ending March 2012 dropped 23%. The market took it for spin. Olam’s share price dropped about 30% from about SGD$2.30 to SGD$1.60. Unknown to many, Olam’s June report showed an operation profit of SGD$350 mil which is only 4% less than that of 2011. The stock recovered much of its losses to end at about SGD$2.10 in August.



Olam started out with a bear flag having a target of around SGD$1.70.  When the target was reached, the shortists continued shorting the price down to SGD$1.61 with 2 false breakdowns; one on 24 May and the other on 1 June. Unfortunately, there were no volume support for both breakdowns. Olam soon recovered when there was a price exhaustion,  creating a candlestick gap followed by a bullish engulfing candlestick reversal pattern. The shortists were forced to take cover after that.

What Happened Today?

With an unsuccessful attempt to push the stock price to below the last low of SGD$1.50 yesterday, the shortists made another attempt today. This time,  they managed  to push the price to close at SGD$1.45;  unfortunately,  there was no volume support again or volume was lower than the last 2 sessions.

Is it really a False Breakdown?

It is a false breakdown according to the text book. However, unlike the one in May 2012, this breakdown occurs after having broken down the long time support of a symmetrical triangle with a very heavy volume. The situation this time is different. It is likely if there is any recovery, it will have to test the long time support of the triangle which is now becoming the resistance.

 

Time to Enter the Market?

It is still pre-mature to enter the market and shore up the shares. This is because the following indicators have not shown any sign:-

a) The Average True Range (ATR) is still rising

b) The Directional Indicator ADX is just flattening out;

c) The Stochastic still hugging the oversold line and yet to recover

The price may wander down somemore with another false breakdown just like in May 2012.

What are ATR, ADX and Stochastic?

They are basic indicators that show the stock’s volatility, the momentum and the price movement respectively. ATR will rise when there are abrupt changes in the price. ADX will rise when price picks up the momentum and then accelerate.  Stochastic become oversold when it goes below 25% and overbought when it goes above 75%.

How to Monitor?

Take the May 2012's  price movement as an example. The ATR started flattening out and went down from mid May 2012. At the same time, ADX continued to rise until 1 June 2012 together with stochastic going on its way up soon after. When the price was about to recover, a bullish engulfing candlestick reversal pattern appeared after showing an "exhausted" candlestick gap.  

Similarly, ATR, ADX and stochastic together with candlestick patterns can be used to monitor and confirm if the present breakdown is false and also when the price will recover.

After Note:  One could also use Relative Strength Index (RSI) to track the stock movement.  Presently,  the RSI is showing a positive divergence,  starting to climb up the ladder.  Its performance will improve if it can climb above 30.




Disclaimer: The author has no position in Olam. Please verify the information if they are to be used for trading purposes.




Wednesday, December 5, 2012

Is Olam International Falling Apart?

5 December 2012

Introduction

Olam International (ticker O32 in SGX) was attacked by Muddy Water (MW) who had a “strong sell” for this counter. MW also claimed that the capital (bonds and warrants) recently raised by Olam "solve nothing";  it only prolonged the debt problem. Some market players also had this perception and was of the view that the recent Olam’s effort to raise capital had also the diluting effect. Lets examine Olam’s future from the charts.

The Olam’s Chart


The Olam’s trading chart will show that Olam’s price has been going down trend since NOV 2010.  It did not stop sliding.   Will it continue to slide?

The Big Triangle Trading Pattern

Since Dec 2008, Olam has been forming this big triangular trading pattern. The price cut below the pattern on 27 Nov 2012 when MW attacked it by saying in one conference that Olam would be in financial trouble. Though the price recovered the second day, it soon dropped below again. 

On 4 December 2012,  Olam announced that one of its White Knights, the Temasek of Singapore, was backing its fund raising of SGD$1.50 Bil. But the price failed to pickup;  instead, it closed at the day's low of 1.60,  below the triangular red line.

What’s ahead?

It is not immediately clear if Olam price is forming a bear flag although there are symptoms such as falling volume and negative MACD etc. It will be clearer if the future trading prices do not go above the triangle red line with the price,  forming rising channel or triangle trading patterns and the trading volume,  continuing to fall.

Trading Recommendation

Unless Olam can show that it can make good earnings in the future or its knights can shore the price up, it is likely that the price will tank.  This counter is only good for day trading at the moment.


Disclaimer: The author has no position in this counter. Please verify any information if it is used for trading purposes.



Sunday, December 2, 2012

Insulation for Reef Tanks


2 December 2012

Introduction

Many reefers use chillers to cool their reef tanks to mimic the environment of the living corals and other ocean creatures. The tank is usually kept in temperature around 25-28C. This article will examine how much energy can be saved by insulating the tanks.

Heat Gains

One of the heat gains of the aquarium is through the glasses which have thickness varies according to the tank capacity. The thickness ranges from 5 mm for a 2 ft tank to about 12 mm for a 6 ft tank. The heat gains or energy losses will vary according to the thickness of the glass; the thicker the glass, the lesser the energy losses. The heat gain through the exposed glasses can be responsible for 50% of the energy losses for a 2 ft to about 12% for a 8 ft tank.


Energy Savings

As aquarium operates 24 hrs/day, the heat gains by the tank is non-stop over the period. These heat gains will have to be removed by chiller; otherwise, the cooling will not be effective. By insulating the tanks with ¼” thick polystyrene foam for all sides except the font viewing panel, as much as 30% of the energy can be saved and hence, the cooling bills.  The thicker the insulation, the more the energy or cooling bills will be saved.

How Much in $ and Cts?

Assuming one has a ¼ hp chiller and a 3 ft tank (36x24x24), the energy saving will be about 10% of the chiller running bills. If we further assuming that the chiller runs about 8 hour per day, the chiller kwh consumed will be about 370watts x 8 hrs/day x30 days = 88 kwh per month. With rate @ SGD$0.2727 per kwh, the cooling bill will come up to about SGD$ 24/=. The saving could be as high as SGD$ 2.50 per month.

Foam As Backdrop


This reefer uses foam to mimic the rocks as a backdrop. This arrangement will improve thermal insulation and reduce heat gains or energy.  It would be more effective if he can also seal the edges of the foam so that there will be no water movement in between the glass and the foam. 

 His tank finally looked like this



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