I've just noticed the references to the k-nearest neighbor algorithm
in the paper that you posted:
http://jbooktrader.googlegroups.com/web/FTW+FastSimilaritySearchundertheTimeWarping.PDF?gda=JuLanmEAAADiZ9EZTErSyovyGfFcUvJWfauvUjO6-JrkupSpGnkvjad7YgV_yHBnssshpFKvu8K8Q9IRipEW7xyvooQY7WFrFnBj3Dfd04DXptCnlConaVMJP-kItwVPBwjdKujmMDOVcV4Kf5x1iV4X6-2IalYA

This should reduce the search time from O(N) to O(log(N)), I believe.
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