Float Analysis is an
innovative indicator that all serious traders will
want to familiarize themselves with to help
determine the most effective buy and sell points
for specific trades. Martin Pring, author of Martin
Pring's Introduction to Technical Analysis
Steve Woods has done a thorough job of
investigating and describing this new area of
technical analysis, and I highly recommend adding
it to your arsenal of trading indicators. Lawrence
G. McMillan. author of Options as a
Strategic Investment
It is worth noting that Steve Woods and his work on Float Analysis is a pretty big--if not widely known, used, or understood--deal.
David Penn. Technical
Analysis of Stocks & Commodities
Magazine.
Float Analysis is a great new research
area. For several years, I always thought that
there was a missing dimension to trading stocks
and wondered how certain stocks go up so fast
compared with others. When trading IPOs, one
always looks at the stock's float because if it's
very small, then the price move can be explosive
in some cases. The first thing I did was program
all of the float indicators in TradeStation and
even devised some of my own based on the ideas in
the book. The whole idea of the float turning over
at critical turning points turns out to be valid.
As Steve Woods points out, float analysis in and
of itself is not a solution, but if you pay
attention to the trend of the float channels and
have some kind of market analysis tool for
short-term direction, then it is a gold
mine. Mark Conway
author of Professional Stock Trading
Your float analysis idea is a true
breakthrough! I can’t tell you how much research
your float concept has spawned with me. It’s
incredible and my understanding of the markets has
expanded dramatically. I feel like I was a
Newtonian physics expert all my career and a few
months ago I bumped into someone (that being you)
who gave me an idea to create a whole new type of
physics called Quantum Mechanics! Thanks!
The reason Float Analysis works is because it not only identifies price breakouts but it
distinguishes the meaningful breakouts from the meaningless which is no small task. Any market Joe can see when a stock is breaking up through a resistance level or dropping down through a support level but without incorporating float analysis, he will not know if the move has strong follow through potential. Generally speaking, the Float Indicator bridges the gap between the three dimensions of a stock chart: price, time and volume, and this paves the way to surer profits.
A
Hedgefund Portfolio Manager (who
for reasons of privacy has requested
his name be withheld).
Your
service is excellent.
Kevin Haggerty
Steve Woods is one of the greatest market technicians of all times!
Ronald Pipkin
Mr. Woods, I subscribe to various newsletters with more than $2,000 in annual
subscription fees. And I want to let you know that your newsletters are very concise,
to the point, informative and, in a nut shell, the best. You are better than
Zacks,
Morning Star, The Motley fool, the Investor's daily and you name what. I know it
because I have or had subscribed to basically most of them to learn.
Keep your
great work going. Ramesh Ramchandani
As an avid reader of financial publications and
student of the financial markets, I read The
Precision Profit Float Indicator by Steve
Woods with great excitement and utter disbelief.
Excitement that this new indicator may be the
"missing link" for me being able to
achieve an above average rate of return in trading
the markets. And, disbelief in the fact that the
basic concept is so simple and so common sense
that it has been over-looked by all the brilliant
financial minds for so many years. It appears that
Mark Twain’s statement that "the only thing
not so common is common sense" is certainly
valid. I am firmly convinced that financial market
authors will soon place Mr. Woods’ name along
side those of Mr. Gann and Mr. Elliott for their
respective unique discoveries. It is strongly
suggested that prospective readers of The
Precision Profit Float Indicator keep an open
mind while reading this unique publication. Mr.
Woods’ fine work gives new meaning to the
statement that "fact is sometimes stranger
than fiction!"
Orville
W. Freymuth
It takes a lot of work and special insights to come up with a new indicator in today's market. Float analysis meets these conditions. Starting from a few references found in Gann’s work, Woods has extended them into a system of three trading indicators that add
new dimensions to market analysis. His intention is to measure the impact of cumulative float turnover
and its relationship with price breakouts from consolidation and accumulation patterns.
It starts with a common sense idea that when the total number of shareholders change then the new share holders bring different expectations to market activity. This can lead to powerful changes in the direction of the trend.
The explanation of the indicators and theoretical process behind them is clear and well illustrated by step by step explanations using clear charts. From the initial discovery, Woods details a further 10 lessons, or conclusions. There are 10 examples of each collected at the end of the book.
With any new indicator there is a tendency to show how it fits all conditions, rather than to admit that it does not easily fit some trading conditions. The bulk of his analysis makes clear and common sense, but there are some applications which are a little more doubtful. I feel they stretch and squeeze market activity to fit the indicator. This does not detract from the usefulness of the initial work on defining bottoms and tops, and the way turnover analysis is a useful method of understanding price extension activity.
The book is well written and clearly explained. Float analysis clearly has a place in trading and technical analysis and this is the book that leads the way. This is a good idea, well explained. It is particularly relevant to understanding the way the float concept is used in the construction of GCIS indexes.
A Review by Daryl Guppy, trader and author
Your indicator is a beautiful thing. An
elegant concept. A little beauty. One of those
`now why didn't I think of that' ideas. Bruce
Shand
Thank you for
your awesome contribution to trading.
- Lawrence Cole
Just finished reading your book, and I found
the float analysis concepts absolutely astounding. -
Carlos Gonzalez
I truly appreciate your service and have profited and learnt a lot. It's
a very valuable service to me... Regards,
Wissam Azhari Managing Director
The Online Trading Center
I find this book to be outstanding. It is a
hard book to put down; you will want to read the
whole book before you stop reading. You will want
to buy an extra copy to give as a gift if you have
a serious trading friend. This book is a classic
and is a must read for anyone who wishes to study
volume in regards to stock. The information given
is unique. The book not only covers buy signals,
but also covers sell signals. Woods reveals one of
the best techniques I've ever seen for telling how
to get out of volatile high momentum stocks on
fast run ups. The book also gives very solid
information on expected reversal, support and
resistance levels.
Ernest E. Helms
Congratulations on a
really, really impressive indicator. Mark
Reiners, Trader
The really good ideas always seem so
simple, don't they. Dennis Scully
I love these indicators!
Joe
Rogers
Freshest idea I've ever seen in Stocks
and Commodities Magazine. Evan Hunt,
Broker
Your paper is the most logical,
interesting, easy to follow, and sensible paper I
have ever read in Stocks & Commodities
magazine. Rudolph A. Richards
I would like
to thank you for your original,
innovative and yet very simple
"idea/approach/model"
Throughout my career, I have devote my
time studying all the "Fibonacci
techniques" and I have been
satisfied with my result.
However, there were instances I used
to get frustrated, because some shares
would not move as fast as I would have
anticipated. But NOW with this
new and simple weapon, I think a lot
of this frustration will eventually
subside. My sincere and humble
appreciation for your thoughts to
share with us your Discovery.
My Best Regards, Abd al-Rahman Ali
Moosa AL-Raeesi
I always knew that the smart money
(specialists, market makers, insiders etc.)
accumulated stock at bottoms and distributed it at
tops but just didn’t know how to turn this
general knowledge into something predictive of a
stocks turning point. Your technique appears to be
the answer to this problem, bravo for discovering
it. - Ted Groce
An altogether new insight into what moves
the stock market. This is a remarkable book for a
number of reasons. First, it lucidly presents an
entirely innovative look at the meaning of price
and volume relationships and how stock prices move
in response to changeover in ownership of the
"float." Second, it presents an entirely
new and eminently useful set of technical
indicators that effectively identify stocks that
are poised to make significant price moves.
Finally, the book is richly detailed with numerous
charts that not only illustrate the principles
presented but also validate the methodology
proposed. I highly recommend this book. It will
change your thinking forever about why stock
prices change and what moves the market. Warren Cohen
I am impressed by two things in your
writings - first, the float analysis concept in
general, and second, the position that you have
taken to publicly declare this discovery and
document it as your own. As the popularity of this
cutting edge analysis grows, so will the fame of
Mr. Steve Woods! Congratulations on such a
remarkable discovery. Your years of research have
paid off. Thanks for all your help and your
remarkable insight! Steve Berges
This is a great book showing a new way of
looking at volume analysis to identify trend
reversal, breakout from tops and bottoms. Float
analysis can be used as one of the volume tools in
identifying stocks that are ready to make a move.
The author also has a great website
www.FloatAnalysis.com with a copy of the original
article on the subject published in
"Technical Analysis of Stocks and
Commodities" magazine. This is a must read
book for any serious investor interested in
Technical analysis. Viren Balsara, MD.
Mr.
Woods, The other day while
conducting a search on google.com, I
came upon your web site. What a
surprise to have seen that you had
suggested a short sale on a stock that
I had been long. Thank goodness
for stop losses. That stock
continued to fall and fall hard, what
a great call you made. That was
enough for me to continue reading all
of the information on your web site.
It is also enough for me to sign up on
a quarterly basis for your newsletter.
Thank
you,
David B. Guest
Hello Steve,
I've just wanted to let you know that I'm appreciating your great book very much...
even if I've not yet finished to read it I've found the time
to program in Metastock the basic CTV... and yesterday (I admit... just by chance) I found a great setup in NBIX
(Neurocrine Bios)... a short-length float turnover range and boom! it
sputniked... I wish to do my compliments for the intelligence idea behind this technique.
Cheers
MarcoT from Italy
The
following is what one subscriber told
us when we asked him why he had
canceled his subscription:
The only reason I am canceling
is because of my time constraints. I was
following the emails, but later just got lazy. I did use one of the
recommendations, and made close to a $1000 (3 zeros) with a single option
play (I never buy/sell stock, only options).
It paid for the subscription. The recommendations are not too many. They are just fine.
I did not use the float central. I believe if any one just follows the recommendations, a good amount of money
could be made using put options on all short plays.
Regards, Amin Valliani
I love the pioneering technical work you are doing. Great insight! You
give inspiration that there is a "technical
frontier" out there to be
explored. Robert Parker, Tampa, FL
I have enjoyed listening to your guest appearances and profited from your picks so want to thank you for all your calls.
thanks Sunny Mathai
I have really been impressed by your work in the area of Technical Analysis. It's not
everyday of the week someone comes up with a fresh and effective approach to
Technical Analysis. I wish the best for you in your endeavors.
Regards, Jack Simmons
Your
concept of "overhead
support" is a revolutionary idea.
Roy Peer
I could NOT put your book down !!! I can't thank you enough for sharing your work
with the world. I have been SERIOUSLY trading for over two years now and though I had a good start I've been very near giving up. I now have a VERY good grip on the fundamentals AND the technical aspects and feel very confident with using them, it's just that there was ALWAYS something missing. I feel like a great FOG has lifted.
Chester Travirca
Unfortunately, I must cancel my subscription at this time. I think you have
one of the most informative sites, if not the most informative site.
However, I am pressed for time and cannot consider trading at this time.
Sincerely, Linda Calabro
Steve,
You're #1!!! Your work is terrific.
Jim Kerns
Steve,
You have really made me understand the
mechanics of stock price movement.
Having studied the market for over 25
years........this might be the best and
most logical approach I have ever seen.
Very consistent.
Stefan Birnbaum
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