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Download Float Analysis: Powerful Technical Indicators Using Price and Volume epub

by Steve Woods

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 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.

Download Float Analysis: Powerful Technical Indicators Using Price and Volume epub
ISBN: 0471215538
ISBN13: 978-0471215530
Category: Other
Subcategory: Business & Finance
Author: Steve Woods
Language: English
Publisher: Wiley; 1 edition (April 19, 2002)
Pages: 232 pages
ePUB size: 1780 kb
FB2 size: 1952 kb
Rating: 4.6
Votes: 912
Other Formats: docx rtf lrf txt

I bought this book a good while back ... but found that I really don't use it to make trading decisions. But it contains interesting concepts and makes for interesting reading. And while I don't use its material in any specific or explicit way ... I think the ideas have value and I'm glad to have had the opportunity to consider the perspectives it presents. I would recommend it in this way ... but I wouldn't recommend it as a truly viable explicit trading method ... I think there are many other better ways to make trading decisions.
It didn't let me GET-RICH-QUICK! Ha! But, Taught me something.
Cherry The Countess
Very unique book. I was aware of his theory and wanted the book to really get it. I have enjoyed it.
The author claims that he has discovered the missing element that complements price and volume and it is the float (or, the status of it). When the cumulative daily volume in a given time period adds up to the float (the number of publicly available and traded shares), you get a Float Turnover; good or bad things may happen at this point. Three cumulative technical markers are introduced here: Volume-Float Indicator, Volume Percentage Indicator and Volume Channel Indicator (this last looks like Bollinger Bands). These concepts and markers are all well explaned and demonstrated. The book has plenty of figures, even "A Compendium of Float Analysis Formations".

The book is clearly written, enthusiastic, even modest considering the confidence the author has in his findings. He wastes no time detailing the core discovery and the ten "sub-discoveries" that stem from it. He does not state that the method is fool-proof, but emphasizes its place in technical analysis. Fair enough. One may argue that the backward calculation that marks a period of Float Turnover is, well, backward. That is, how do you know where to start adding together the daily volume - backward? It is also hard to see the success of the method in today's quite volatile market environment. May work well for nice, smooth, trending periods, but boy, haven't you "gapped down" lately? I disagree with the criticism below that the introduction of Multiple Float Turnovers would be an oxymoron. These formations are emphasized only in the context of base building, nothing is wrong with that.

My only problem is that the book seems too pricey, considering that it is an expansion of a published article. I respect the author that he avoided unnecessary repetitions to bloat the number of pages, but one star is still down for the price, sorry...
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.
With fairness in mind, I must say that this book is both informing and yet another money-trap for you.
First of all; this writing is good because it takes a subject (A Stocks Float) and explains its` important role, and gives the reader a little more education on buying and selling power in the markets.
For all this, the book is great. However! Don't be fooled into thinking you are getting a tool or anything you can use in your market analysis. If you are a MetaStock language programmer or in some other high end platform of securities analysis, you can build your own indicator with the scant information given in the book.
Or you can shuck out about ... bucks and get a ready made indicator system that will make all your dreams come true.
If you are not a language programmer, or don't want to spend another five hundred on top of the WhOOPing ... bucks for a small under-written book, you better leave it on the shelf. You are better off just getting on-line and type in (Stocks Float) or the like and you can get a better education for a lot less money.
I have the book on my shelf. It collects dust. Save you money for a better education else ware.