- Hardcover: 232 pages
- Publisher: John Wiley & Sons (16 May 2002)
- Language English
- ISBN-10: 0471215538
- ISBN-13: 978-0471215530
- Product Dimensions: 23.7 x 16 x 2.3 cm
- Amazon Bestsellers Rank: 983,234 in Books (See Top 100 in Books)
- See Complete Table of Contents
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More About the Author
Product Description
Product Description
A complete guide to trading with price, volume, and float
Float Analysis explains how to use the Woods Cumulative Volume Float Indicator, the landmark concept in technical analysis that teaches the reader how to accurately determine when to purchase stocks. This groundbreaking book also contains all–new insights on how to understand and profit from these indicators, how support and resistance are redefined by this innovation, and how to implement these strategies into a high–growth portfolio.
Steve Woods (Hyattsville, MD) is the Executive Director of FloatAnalysis.com and has written a number of articles for various journals including Technical Analysis of Stocks & Commodities.
New technology and the advent of around the clock trading have opened the floodgates to both foreign and domestic markets. Traders need the wisdom of industry veterans and the vision of innovators in today′s volatile financial marketplace. The Wiley Trading series features books by traders who have survived the market′s ever changing temperament and have prospered–some by reinventing systems, others by getting back to basics. Whether a novice trader, professional or somewhere in–between, these books will provide the advice and strategies needed to prosper today and well into the future.
From the Inside Flap
float analysis
Powerful Technical Indicators Using Price and Volume
In Float Analysis: Powerful Technical Indicators Using Price and Volume, active trader Steve Woods introduces you to a powerful new technical analysis tool–his own Woods Cumulative–Volume Float Indicator–that will revolutionize the way you trade. Pushing the boundaries of technical analysis, Woods combines price and volume charts with the knowledge of available shares in the market, or float, to create a strongly predictive indicator that can target winning stocks with incredible accuracy.
Through his studies of W. D. Gann and a variety of classic charting methods, Woods has discovered a powerful new way of reading price and volume charts. His method–the Woods Cumulative–Volume Float Indicator–analyzes past trading volume to determine a stock′s future price direction. It also pinpoints exactly when a float turnover occurs that triggers buy and sell signals. By learning how to identify these patterns, you can begin to predict measurable tops and bottoms, thereby getting in and out of the market with precision timing and unparalleled profits.
Written in clear, precise language and supplemented with charts and real–world examples, Float Analysis explains every aspect of how and when to use the Woods Cumulative–Volume Float Indicator and details the underlying theory of float analysis behind it.
This comprehensive trading guide also covers:
∗ Ten breakthrough discoveries that will change the way you analyze stock charts
∗ Support and resistance redefined
∗ Successful trading strategies
∗ How to understand and profit from indicators
∗ How Gann Theory inspired float analysis
It′s hard to find a trading book that charts out a completely new course for the serious trader, but in unveiling this landmark trading technique, Float Analysis has proven to be such a book. Now you can enjoy the benefits of this groundbreaking trading method by applying its winning techniques to your own portfolio. Follow the simple steps outlined in Float Analysis and you too can learn how to use the Woods Cumulative–Volume Float Indicator to make timely and profitable stock purchases.
Powerful Technical Indicators Using Price and Volume
In Float Analysis: Powerful Technical Indicators Using Price and Volume, active trader Steve Woods introduces you to a powerful new technical analysis tool–his own Woods Cumulative–Volume Float Indicator–that will revolutionize the way you trade. Pushing the boundaries of technical analysis, Woods combines price and volume charts with the knowledge of available shares in the market, or float, to create a strongly predictive indicator that can target winning stocks with incredible accuracy.
Through his studies of W. D. Gann and a variety of classic charting methods, Woods has discovered a powerful new way of reading price and volume charts. His method–the Woods Cumulative–Volume Float Indicator–analyzes past trading volume to determine a stock′s future price direction. It also pinpoints exactly when a float turnover occurs that triggers buy and sell signals. By learning how to identify these patterns, you can begin to predict measurable tops and bottoms, thereby getting in and out of the market with precision timing and unparalleled profits.
Written in clear, precise language and supplemented with charts and real–world examples, Float Analysis explains every aspect of how and when to use the Woods Cumulative–Volume Float Indicator and details the underlying theory of float analysis behind it.
This comprehensive trading guide also covers:
∗ Ten breakthrough discoveries that will change the way you analyze stock charts
∗ Support and resistance redefined
∗ Successful trading strategies
∗ How to understand and profit from indicators
∗ How Gann Theory inspired float analysis
It′s hard to find a trading book that charts out a completely new course for the serious trader, but in unveiling this landmark trading technique, Float Analysis has proven to be such a book. Now you can enjoy the benefits of this groundbreaking trading method by applying its winning techniques to your own portfolio. Follow the simple steps outlined in Float Analysis and you too can learn how to use the Woods Cumulative–Volume Float Indicator to make timely and profitable stock purchases.
Inside This Book
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First Sentence
Float analysis is a holistic approach to studying the technical behavior of stocks. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Float analysis is a holistic approach to studying the technical behavior of stocks. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Most Helpful Customer Reviews on Amazon.com (beta)
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14 reviews
30 of 32 people found the following review helpful
A simple, clear, and persuasive idea
9 Jan 2001
Format:Hardcover
A stock's float is the total number of shares available to the public for trading. When this total number of shares gets traded in the market (whether over a week, a month, or a year), you have a "float turnover". This book argues that float turnovers are closely correlated with significant price moves. It's a simple and clear idea, made all the more persuasive by the fact that there's a common-sense explanation for it: a float turnover represents an (approximately) complete change of ownership in who holds the stock; so if, for example, the new owners are significantly more bullish than the previous owners, they will be more reluctant to sell, and the price will rise. Mr. Woods makes a good case that the float is a relevant piece of information, and I don't doubt that many traders will be grateful to him for bringing this to their attention. Only one thing prevents me from giving this book 5 stars: the incessancy with which the author can't refrain from referring to his "discoveries", going so far as to compare his "discoveries" to those of Columbus, Copernicus, and Newton (to name only three). He seems like a good enough guy and is probably doing this out of insecurity, but it's off-putting. The book badly needed a good editor to inform Mr. Woods that the best, indeed the only real way for him to advance his work is to present it clearly and let it speak for itself, and that for an author to constantly urge the reader to think highly of his "discoveries" is not only in bad taste, but detracts from the persuasive power of his idea. This, however, is a minor complaint which should not dissuade anyone from investigating the idea, which seems like a good one. I say "seems" because, unlike a previous reviewer, I have not yet back-tested it; but after reading the book I certainly intend to do so.
45 of 51 people found the following review helpful
ANOTHER SCAM
20 July 2002
Format:Hardcover
The theme of the book is SCAM, and the book is full of CONS
Let me show you why I said so:
The author claims at any given turn, there is always one float turn over, and if the stock has not turned over yet after one float, he refers to multiple floats. This is the biggest con.
Pick a number from the air. Use that as the float of the stock and chart it the way the author says it. You will have the same result at every turn of the stocks, ofcourse, depending on which number you pick, your float turn over could happen before or after his float turn over.
You see, if you add enough day volume, you will sooner or later get to the float number you pick. When it happens at the time when the stock turns, you call it one float turn over. And if the stock price has not turned yet, and you keep adding to it eventually you will have another float turn over. When this process is repeated over time, guess what, the stock will turn direction while the number you pick has turned multiple times. The author calls it multiple float turnover. What a SCAM.
I bought the book because I need to get more indicators for my software but I did not realize that there are many people got bought into it and gave it a positive review. As a software developer, I had to buy the book to see if this is really another valid indicator, and I was so disappointed that even the professional like Martin Pring got bought into it (Not sure if Mr. Pring realized this)
There are several places where you could spot the scam. First, what I have shown you above. Second, to get more people interested, the author uses the names of professionals such as William O'Neil and Gann. You see, if you study and follow those professionals, you will be far ahead with your own experience. And by telling the readers to study other professionals, the author gets the free ride on one of the most useless tool. O'Neil and Gann probably would not mind have their names mentioned because that is free publicity. But Pring! I am so disappointed.
He claimed he turned a few thousands to ten fold from Sep 98 to Jan 2000. Well, like Wall Street used to say: even a monkey can pick a stock in a bull market. What happened to the author after Jan 2000 while the book is copyrighted in 2002? Too busy to write the book conveniently in that 2 years and not trading for another 10 folds? Are you ... me?
If you have not bought the book, ask someone about the theory and check it out first before you buy. If you already have the book and think it is valid, please let me know. If I am wrong, I would like to know.
17 of 18 people found the following review helpful
Interesting but don't expect code
23 Feb 2003
Format:Hardcover
After reading the book, I have mixed feelings; this may be a brilliant new concept or a mathematical gimmick. What I can say is that this book comes with no software code. That costs considerable more. If you use Tradestation and can't code the concepts from the book yourself, your next book should be Professional Stock Trading by Mark Conway and Aaron Behle. They have a chapter on Float Trading with their adaptation of the Float Box, Float Channel, and Float Percentage. Also included is a trading system based on these concepts.
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