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In this day and age fish tanks come in all shapes and sizes and you can get them made from a number of different materials. When purchasing a fish tank you need to decide on a number of factors. How do you want your aquarium to look? How big is your home? What kinds of fish do you want to keep etc. When you decide to buy a fish tank for yourself, you start with an idea of how your aquarium should look. Most people think an aquarium should be oblong while others prefer something a bit different. These unusual shaped aquariums such as the hexagon fish tank look amazing in your home but they are not designed for fish.

The Hexagon Fish Tank Actually Harms the Fish And Is Just a Decorative Piece

Unfortunately for the fish the hexagon fish tank is not kind to fish as it makes them feel disoriented as they need to swim round and round and not backwards and forwards as in an oblong tank. Humans are always trying to find things that look unusual and unique to impress our friends and neighbors and the hexagon fish tank certainly does this. It looks stunning and is a very decorative piece of furniture. People love the hexagon fish tank because it looks different to anything else. While the hexagon fish tank is not kind to the fish the shape is attractive and at the same it could be placed in many different spots in your home.

The space in a hexagon fish tank allows for swimming is so much less than a rectangular tank of similar size. The fish do not feel happy about being restricted in a hexagon fish tank because the shape does now allow them the freedom they want. The kindest thing you could do would be to buy mechanical fish and have an array of colorful plants and ornaments. This way your hexagon fish tank would still look stunning and you would not be making any fish dizzy.

One other alternative would be to have very small fish. These small fish would have more room to swim around compared to bigger fish who would just become ill. The hexagon fish tank would allow the very small fish a bit more freedom; however for big fish the hexagon fish tank will make them ill. They would be far happier in a large oblong tank.

Another factor to consider is the one of children. If you have children you will need to decide if you should have your hexagon fish tank made from glass or metal. Where children are concerned acrylic aquariums are far better as they are safer and they keep the water temperature stable for longer periods of time thus requiring less looking after. Whether or not you choose an oblong or hexagon fish tank you need to be careful as not to scratch it as acrylic marks easier than glass. If you are still undecided whether or not to have a normal or hexagon shaped fish tank I think the first question you should ask yourself is that of which fish would I like in my tank? If you do not mind a few small fish or mechanical ones then buy a hexagon fish tank. However if you feel that you want something more then I feel a standard oblong tank would be best.

http://www.fishtankfun.com is an informative site about fish, fish tanks, aquariums, fish tank stands and other related fish products.

When you’re getting ready to buy a pair of hiking boots, there’s a lot to consider in order to make sure the shoe has the features you need to get you where you want to go safely and comfortably.  Different styles of hiking boots are necessary depending on the type of excursions you’re planning.

First, What Are Your Options? Currently, the 3 basic styles of hiking boots are:

1. Low Cut Hiking Shoes: Resembling a beefy sneaker, a low cut hiking shoe is great for many types of moderate hiking excursions. They can also be the perfect water hybrid shoe when made of quick drying materials and they’ll also provide descent traction.
2. Mid Cut Hiking Shoes: This style of hiking shoe falls right about mid ankle, providing more support than low cut hiking shoes, but allow for more ankle movement than hiking boots. They can be safely worn for some backpacking and most hiking trips.
3. Hiking Boots: Full height hiking boots are essential if you’re backpacking for any extended length of time or with a heavy load because of the support they provide for the ankle. A good quality hiking boot usually lasts a long time and provides excellent traction on most any terrain.

Now you know the basics about the different styles available, but, how do you know what style of hiking boot or shoe is right for you? Ask yourself the following questions about the ways in which you will typically use your hiking shoes, then, you’ll be able to choose the right style and qualities to create the perfect hiking footwear for your journey.

What Are You Planning to Carry?

If you’re planning to carry anything more than a day pack on the majority of your hikes, consider the weight of what you’ll have in your pack before choosing a pair of hiking boots or shoes.

If you have a really heavy load, say 40 – 50 lbs or more, ankle support is essential. Some hikers find ankle support essential no matter what amount of weight they carry, but others feel that you can still have a safe and comfortable hike in mid cut hiking shoes when you’re carrying around a 45 lb load or less. If you’re carrying less than 25 lbs, then you can also safely explore the available options in low cut hiking shoes.

Do You Want Your Hiking Shoes to be Waterproof or Quick Drying?

For many, the automatic response is “of course I want them to be waterproof”, but, if you get waterproof boots (usually made of Leather or Gore-Tex) wet above the ankle line, or the waterproof membrane becomes damaged your feet are usually soaked for awhile because these materials are heavy and take time to dry.

The alternative to a heavier waterproof hiking shoe or boot is a pair of hiking shoes made out of quick drying material. If you’re going to be faced with higher water (above the ankle) on a regular basis, your feet are going to be getting wet regardless, and a quick dry material may be of a greater advantage to you than a waterproof boot

However, if you’re just puddle hopping or crossing low level streams for the most part, the water proof boot or shoe will get wet much less often than a quick drying one; which will get wet no matter the height of the stream, the dew, the mud, etc.

What Type of Terrain Will You Be Hiking On?

Do you normally hike semi maintained trails in the town forest, or are you on a quest to climb all the 14ers in Colorado? The terrain is a very important aspect of picking the right hiking boot. You will obviously need more ankle support as the intensity of the terrain you’re hiking increases, but traction matters also.

If you encounter mud a lot in your area (or where you’re going) you’ll want to look for tread that is soft and releases mud easily. An awesome hiking shoe with not so awesome treads quickly becomes a lead brick when hiking through mud.

Also, if you end up hiking on terrain (like desert canyons or high mountain peaks) that is notoriously gravelly or filled with loose rocks, a step can easily become a slide and quality traction as well as ankle support is essential to help prevent this and keep your hike safe.

Within these main questions, you’ll also have to ask yourself what type of material you prefer for both the outside and inside of your boots, as well as color, and style. But, if you answer these basic questions before you purchase anything, you’ll be able to easily select the best hiking shoe or boot for your style of hiking. This way your hikes can be safe and enjoyable to both you and your feet!

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You don’t have to stop at shoes though. To find coupon codes and promotional offers for most anything you’re buying online, just visit DiscountSpies.com [http://www.discountspies.com].

We know that greed and fear rule the markets. But did you know that when investors gets too greedy, markets usually fall, and when investors are overcome with fear, markets usually rise. So how can when we monitor investors emotions and take advantage of investors emotional extremes?

Welcome to the world of investor sentiment analysis.

Investor psychology has been analysed for at least 250 years. Charles MacKay wrote his book, ‘Extraordinary Popular Delusions And The Madness Of Crowds’, in 1841, describing, among other manias, the herd mentality that caused the South Sea Bubble. Since then, many academics have published financial theories based on the concept that individuals act rationally and consider all available information in the decision-making process. But real life frequently demonstrates that the behavior of equity markets is irrational and unpredictable. A field known as “behavioural finance” has evolved over the years attempting to explain how emotions influence investors and their decision-making process. Studying human psychology helps predict the general direction of financial markets as well as many stock market bubbles and crashes. At the height of a period of optimism, greed moves stocks higher, ignoring business fundamentals and therefore creating an overpriced market. At the other extreme, fear moves prices lower, ignoring obvious opportunities and creates an undervalued market.

One important study, (“Aspects of Investor Psychology,” The Journal of Portfolio Management, Summer 1998) found that investors are much more distressed by prospective losses than they are made happy by equivalent gains. Some researchers theorize that investors “follow the crowd” and conventional wisdom to avoid any regret in the event their decisions prove to be incorrect.

QUANTIFYING INVESTOR EMOTIONS OR INVESTOR SENTIMENT

When a stock or market index rises, we know that it means investors are more eager to buy than to sell. But how can we accurately gauge just how investors feel?

Most often, investors are somewhere between mildly positive and mildly negative, and only occasionally do they demonstrate the extremes of greed or fear. It is easier to detect emotion when it is close to either irrational exuberance or outright fear. When markets act this way, it becomes “news” and moves from the business section, to being featured at the start of the evening news, and on the front page of the daily newspaper.

The success of charting as a tool, depends on investors repeating their behaviour patterns. There is always a comfort factor in doing the same as others and generally an aversion to behaving differently. Investors display herding instincts in their behaviour and this has become particularly noticeable among institutional investors. In the early stages of a rising trend in a market, positive sentiment can act as a positive driving force as everyone rushes in to join the party. However, there comes a time after the trend has been in place, when this positive sentiment acts as a warning that the trend is nearing its climax. That’s when smart investors will start switching to alternative investments.

The most sophisticated and active players in the market use derivative products to effect their transactions. These players tend to display earlier changes in emotion than most investors and normally their emotions run to greater extremes. So, derivative markets are a good source of data on investor sentiment. There are various options available on stocks, ETF’s and indexes. By using an option pricing formula, we can extract a measure of how much investors are prepared to pay for the possibility of making a profit, or hedging against a loss. This is known as implied volatility, and it provides a mathematical valuation of investor emotion. Implied volatility tends to be high (the scale is inverted) when the market has had a sharp fall and this is associated with investor fear. At the other extreme, low implied volatility often occurs after a rise in the market and when investors are becoming complacent.

Implied volatility image

http://www.theuptrend.com/ebook/ImpliedvolatilityAA.gif

WHAT IS THE VIX?

VIX is the symbol for the Chicago Board Options Exchange’s volatility index for the S&P 500 (SPX). It is a measure of the level of implied volatility and not historical or statistical volatility. A numerical value for the VIX has been published by the CBOE since 1993. The method of calculating VIX was changed in early 2003. Instead of using the S&P 100 (OEX) Index options, it is now calculated using the options on the S&P 500 (SPX). Also note that the VXN is the symbol for the implied volatility index of the NASDAQ 100 index.

The implied volatilities are weighted to give the VIX a value that in effect acts as the implied volatility of an at-the-money SPX option at 22-trading days to expiration. The VIX represents the implied volatility of a hypothetical at-the-money SPX option. If implied volatility is high, the premium on options will be high and vice versa. Generally speaking, rising option premiums reflect rising expectation of future volatility of the underlying stock index, which represents higher implied volatility levels. The higher the VIX, the more panic in the markets and the greater the chance that investors have given up hope, taken their money, and gone home.

Comparing the movement of the VIX with that of the market can quite often provide clues as to the future direction the market might move. The more the VIX increases in value, the more “panic” is an issue in the market place. On the flip side, the more the VIX decreases in value, the more complacency there is amongst investors. The psychological impact measured by a relatively high VIX is a clear indicator that tells traders markets are oversold. A historic example was displayed on July 23rd 2002 when the VIX shot over 55. That big move coincided with a significant low in the Dow Jones Industrial Average that was followed by a 1,034-point, six-day rally. That rally didn’t stick and the market again re-tested its July low in October of 2002. But throughout this double bottom in 2002 the VIX accurately identified a major directional shift in the market. At its core, the VIX is a statistical measure of emotions, and emotions are a major factor signalling capitulation in the market.

Sample charts

http://www.theuptrend.com/ebook/Impliedvolatility1.gif

http://www.theuptrend.com/ebook/Impliedvolatility2.gif

INVERSE RELATIONSHIP

Extremely high readings of VIX indicate market bottoms, while low readings indicate market tops.

The VIX actually has an inverse relationship to the stock market. This is one of the first things you’ll notice when viewing the VIX on a bar chart. When the VIX goes down the stock market moves higher. When the VIX advances, the stock market is headed lower. Generally speaking, a rising stock market is considered less risky by investors. On the other hand, a declining stock market is considered more risky. Therefore, the higher the perceived risk by investors the higher the implied volatility. This will make options, especially put options, more expensive.

When the phrase “implied volatility” is mentioned, keep in mind that it is not about the size of price swings. Rather it’s the implied risk that is associated with taking a position in the stock market. When the stock market declines, the demand for put options usually increases. Increased demand means higher put option prices.

USING VIX to TIME the MARKET

One early study identified a VIX value of 25 as normal, and a value above 35 as high. Between October 1997 and May 2001 the VIX indicator went above 35 eleven times. In this study, the S&P 500 index as represented by SPY ETF. was purchased each time and held until the VIX retreated below 25. There were 9 profitable trades for an average gain of 3.1% and an average holding period of about one month. By using this VIX timing scheme you could capture 80% of total gains in the market, but your money is only at risk one third of the time.

Sample chart

http://www.theuptrend.com/ebook/Impliedvolatility3.gif

Extremes in fear mark great buying opportunities.

Sample chart

http://www.theuptrend.com/ebook/Impliedvolatility4.gif

THE CONTRARIAN VIEW POINT OF THE VIX

An extended and/or extremely low VIX suggests a high degree of complacency and is commonly considered bearish. From the contrarian view point ,many traders are of the opinion that if the VIX becomes low, they’ll begin looking for a reason to begin selling stock. On the flip-side of the coin, a very high VIX can indicate a high degree of anxiety which often leads to panic among options traders. This action is often considered bullish by the contrarian, and they’ll look for reasons to begin buying stock. High VIX readings usually occur after an extended or sharp market decline with investor sentiment still very bearish. Some contrarians view readings above 35 as bullish. Hence, they’ll begin looking for a major market turn to the upside.

The VIX should be used in conjunction with “regular” analysis of price action on price charts. The wise trader will never make a purchase or sale based solely on the price level of the VIX. The wise trader will use the VIX (and its support and resistance levels) in conjunction with the price action of charts of the S&P 500, the Dow, and the NASDAQ.

Using the VIX with charts of these indices will help you get a good grasp of the current market psychology. Since market movements are based entirely on human emotions, it is important for traders to understand psychological indicators. When the VIX is used correctly it helps you stay on the right side of the market and make profitable trades.

SUMMARY

Understanding Investor Sentiment (or Investor Psychology) is by far the most powerful tool an investor can use to understand exactly where the stock market is, and where it is going. But it is often hard to digest, as it is counter intuitive to our human nature.

Here is a recent example that will help illustrate this point.

In September 2005, the TSX was making multi year highs. While the VIX Indexes was down near multi year lows. Standing back and looking at these two pieces of information, you might question the wisdom of adding long-term money to this market at this time.

You might, but human nature would not.

From GARY NORRIS

Canadian Press

Mon Oct 17, 3:58 PM ET

Canadians are shovelling money into mutual funds almost like it’s 2001 again, with September purchases of $1.8 billion – up from net redemptions of $545 million a year ago.

The Investment Funds Institute of Canada said Monday that investments in long-term funds – equity, bond and other funds excluding short-term money market funds – topped half a trillion dollars for the first time. “This underlines the fact that investors are making long-term commitments to funds, and not simply parking their investments temporarily in money market funds,” commented Tom Hockin, president of the fund industry association.

Sales in the first nine months of the year, net of redemptions and excluding reinvested distributions, totaled $18.4 billion, “the highest net sales figure since the same period in 2001,” Hockin observed.

Yes, you read that correctly, Canadian have not been this enthusiastic since the last time the market was peaking.

TSX Sample Chart

http://www.theuptrend.com/ebook/ImpliedvolatilityB.gif

Now we don’t have enough data yet, but since Canadian Mutual Fund investors did their “extreme” mutual fund shopping last month, the market has already dropped 800 points.

Now ask yourself, if you were going to put money into this market, was September the best, low risk time to do so in the past 5 years? Were these investors thinking analytically, or did the emotion of greed cloud their judgments?

My guess is that this is what I like to call “Panic Buying”, of Canadian Mutual Funds last month, will signal the very top of this market, and be the catalyst for a major sell off.

Only time will tell if I am right.

Stephen Whiteside has been trading since 1974 and has been CEO of the stock trend analysis site, http://www.TheUpTrend.com for the last 5 year. Enter “Smart Money Alerts” into nay search engine, and you will see his work is currently ranked #1 around the world.

Are you planning to revamp your child’s room? Are you looking out for things which will make your child’s room bright and trendy? Have you ever given a thought for children’s furniture, kids’ toy boxes? Not much, right?

Furniture and toys will be the best option to start with the renovation of your kid’s bedroom. Always look out for things which are going to help your child to learn faster, bring those toys which will encourage them, which will fire their imagination and every creative aspect of their life. The first thing you can to do is to plan out the things and then start working on it. Make sure how you are going to do it, what things are you going to place in their rooms, which colors you are going to put on their walls, and the color of the children’s furniture. Have you ever thought from where you are going purchase all these things and what will be the expense?

Try to make your child’s room special by using decorative things like cartoon print bed sheet, colorful flowers, etc. Many parents want to give the best to their children no matter if it is little expensive. A variety of kids furniture are available in the market like tea party tables, rocking toys, wooden toys, educational toys, art activity desk, bookshelf, toy box etc. These things not only make their room attractive but also help them to learn lot of things for example; tea table will be helpful in learning table manner, bookshelf will help them to keep their books in an organized way, after playing children put their toys all over the room so don’t you think toy box will be helpful to them to keep their toys back after playing. Toys are the best thing which will help your child to learn lot of things in their day to day life.

Now this is not all about making your child’s room look special but it’s also about what quality kids furniture and kids toy boxes are you using. Parents look out for those kids furniture which are not harmful to their children. Lots of toys are made of plastic which contains toxins in it and those are harmful for the health of the children. These toys and kids furniture should be of better quality and try to use wooden furniture in their rooms which will last for long time and will not prove harmful to their health.

You can find this furniture in well known shops of wooden kids furniture where you will get lot of varieties. Try not to buy inferior quality things due to lesser cost. If not possible, use a few things in the room but of good quality. There are number of stores dealing with children’s furniture in the internet market so just enter your search and purchase appropriate furniture for your child’s bedroom.

Bart Albert is the author of this article on Childrens furniture [http://www.oldfashionedtoyshop.co.uk/component/virtuemart/?page=shop.browse&category_id=8].

Find more information about Childrens toy boxes [http://www.oldfashionedtoyshop.co.uk/component/virtuemart/?page=shop.browse&category_id=12] here.