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June 4, 2005
This Week's Stocks


Two stock charts appear below. The first chart shows how the stock looked when it gave an alert on a weekly Float Chart. The second chart shows the resulting 17% price move in the following two weeks. The purpose of these charts is to demonstrate the principles of Float Analysis and the power of Float Charts. 

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Chicago Mecantile Exchange (CME)
Float Turnover Accumulation Base of Support in a Correction

Beginning in early January of 2005, CME began a correction that took its price from the $230 level down to the low $160's.  During March and April, it began to make a float turnover base of support.  The idea here is that the shares available for trading (the float or floating supply) get bought up by a group of investors known as the Smart Money.  Once a large percentage of these shares are bought and being tightly held, then the price begins to rise.  During the week ending May 20th, CME gave a breakout alert signal on our Float Chart Central members only web site.  This indicated the stock was likely to move higher which is exactly what it did.  It moved up 17% in 2 weeks.

 Moving On Up!


 


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We track Float Turnovers on over 7000 stocks and scan the market for ABC Float Set-Ups, Breakouts and Breakdowns that are poised to make big gains like the one shown above. Our Float Charts Central site is the world's premier site for Float Charts and Float Analysis. We also send out Stock Alerts and a Weekly Newsletter.

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At www.FloatCharts.com we're always on the lookout for trading opportunities like the one above. We currently have a Silver ($30 a month) and a Gold ($75 a month) Package. Visit our homepage and see the results of some recent stock picks (near the bottom). You'll be amazed at the power of Float Charts and the returns our stock picks can generate. 

Our stock picks are based on the ideas found in Steve's book Float Analysis, Powerful Technical Indicators Using Price and Volume (Wiley, 2002). The book's former title was The Precision Profit Float Indicator (Marketplace Books, 2000).

 


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