The transform works by first taking the regular 1D wavelet
transform across all columns in the image and storing these coefficients
line by line back into the image. Then to this new image we apply
the regular 1D wavelet transform across all rows in the image.
Hence, the top-left coefficient is the smoothed version both horizontally
and vertically. The left-most row contains the image smoothed horiztonally,
but then detail picked up amongst the horizontal smooths vertically.
Suggested by Rainer von Sachs.