Rating: - The Precision Profit Float Indicator
As an avid reader of financial publications and a 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 (to me) 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 is based upon so much common sense that it has been overlooked 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 in this situation. I am firmly convienced that financial market authors will soon place Mr. Wood's 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!"

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Rating: - The preccision profit float indicator
Uses float analysis to identify bottoms and tops, support and resistance, accumulation and distribution. Earlier systems used price chart formations like Head and shoulder, double tops and bottoms to identify support and ressistance lines. But his systems uses float analysis instead, the point is these earlier systems don't work without rising volume and can't identify tops in time before a reversal. However, looking cleary at his charts. between the support and resistance lines, you will notice these price chart formations. Using these two systems together will double signal a upward break or reversal. Still in discovery stages. I will add this trading systems. Since you can buy tradestation code if you dont have the time to write it.

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Rating: - A simple, clear, and persuasive idea
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.

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Rating: - The Precision Profit Float Indicator
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.

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Rating: - 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.