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Welcome |
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So, what is Float
Analysis and what are Float Charts? |
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Float Analysis
is a method of analyzing stocks based on two little known passages found in the book
Truth of the Stock Tape which was written by famed trader
W. D. Gann in 1923. The premise of Float Analysis is simply this: by adding up volume cumulatively and comparing it to the number of shares actually available for trading (the float), we can see areas on a chart where the stock goes through a change of ownership. We can see where the Smart Money is accumulating at the bottom and we can see were they are getting out at the top. And by watching for specific float turnover breakout and breakdown formations, we can find great stocks to buy and sell.
Float Charts™ are The
Fourth Way of Stock Charting
| 1) |
Candlesticks Charts |
| 2) |
Point and Figure Charts |
| 3) |
Price and Volume Charts |
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Float Charts - Visit our sister
site at www.FloatCharts.com |
Float Charts™
are a
new type of stock chart
that is at the heart of Float Analysis. The history of
stock charts starts with candlestick charts that were developed in Japan over two centuries ago (they use only
price). Then comes
point and figure charts, which where developed about a hundred years ago (they also use only
price). Then comes price and
volume charts which almost all stock technicians use today. Now there are
Float Charts. Float Charts add a crucial piece of data
that is missing from all other charts... the floating supply of shares (the shares actually available for trading). By incorporating a company's floating supply of shares in conjunction with price and volume data, a complete picture of a stock is finally seen. Steve did not invent Float Charts, he discovered them.
Author, speaker and acclaimed stock market analyst Steve Woods is the founder of
the concept of Float Analysis, which is further detailed in his
renowned and controversial book that was originally titled, The Precision Profit Float
Indicator. The book has now been re-published as a Wiley Trading book by John Wiley &
Sons, Inc.. It has been re-titled Float Analysis, Powerful Technical Indicators
Using Price and Volume. Steve’s ideas have received critical acclaim from experts
throughout the financial community. His is the only method that focuses on looking
for changes in a stock's ownership by tracking the "turnover" of the shares actually
available for trading (i.e. the float). His is the only method that treats price, volume
and the floating supply of shares as holistically related.
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