Rating: - Interesting concept - Overpriced book
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...

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Rating: - Buy and Sell when price is above or below the float turnover
Shares traded to the public are referred to as the "Float". The float is a constantly changing measurement.

The amount of time it takes for the cumulative volume total to equal the float is the unit of measurement referred to as the "Float Turnover". So intuitively the Float Turnover represents a span of time required to change all ownership in the float. Every stock behaves differently. Some stocks have a float turn over in a couple of days, whereas, it takes years for others.

The author states, At the Top, "Right at the top all the shares are bought by unsuspecting foolish investors who don't realize the stock is over-priced and they get stuck at the top" and at the bottom, "The really smart people are buying all the shares and the price goes up because they are holding them tightly."

As price rise and fall, the constantly changing ownership moves from one price level to another.

Float turnover formations will be found at the exact location that marks a long term bottom or top.

When the stock is being supported it will tend to be at the top of the float turnover price range

When the stock is dropping without support, the price will tend to be at the bottom of the float turnover price range with the float acting as overhead supply.

The timely sell signal occurs where the price drops below the float turnover at the top where the price crosses the bottom channel line for the first time on the chart. A buy occurs when price breaks above the current float turnover price range.

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Rating: - Interesting but don't expect code
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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Rating: - Give it up for the pros.
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.

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Rating: - ANOTHER SCAM
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.