Endorsements, Testimonials, and Book Reviews

Endorsements, Testimonials and Book Reviews

Float Analysis is an innovative indicator that all serious traders will want to familiarize themselves with to help determine the most effective buy and sell points for specific trades. Martin Pring, author of Martin Pring's Introduction to Technical Analysis

Steve Woods has done a thorough job of investigating and describing this new area of technical analysis, and I highly recommend adding it to your arsenal of trading indicators. Lawrence G. McMillan. author of Options as a Strategic Investment

Technical analysis has been around a long time. Steve has come up with a whole new concept that’s a break-through in technical analysis. He'll be in the Technical Analysis Hall of Fame.
Tom O’Brien 
CEO of the Tiger Financial News Network and author of Timing the Trade,  

It is worth noting that Steve Woods and his work on Float Analysis is a pretty big--if not widely known, used, or understood--deal. David Penn Technical Analysis of Stocks & Commodities Magazine.

I truly appreciate your service and have profited and learnt a lot. It's a very valuable service to me... Regards, Wissam Azhari Managing Director The Online Trading Center

Your float analysis idea is a true breakthrough! I can’t tell you how much research your float concept has spawned with me. It’s incredible and my understanding of the markets has expanded dramatically. I feel like I was a Newtonian physics expert all my career and a few months ago I bumped into someone (that being you) who gave me an idea to create a whole new type of physics called Quantum Mechanics! Thanks! The reason Float Analysis works is because it not only identifies price breakouts but it distinguishes the meaningful breakouts from the meaningless which is no small task. Any market Joe can see when a stock is breaking up through a resistance level or dropping down through a support level but without incorporating float analysis, he will not know if the move has strong follow through potential. Generally speaking, the Float Indicator bridges the gap between the three dimensions of a stock chart: price, time and volume, and this paves the way to surer profits. A Hedgefund Portfolio Manager (who for reasons of privacy has requested his name be withheld).

Your service is excellent.
Kevin Haggerty

Steve Woods is one of the greatest market technicians of all times! Ronald Pipkin

Mr. Woods, I subscribe to various newsletters with more than $2,000 in annual subscription fees. And I want to let you know that your newsletters are very concise, to the point, informative and, in a nut shell, the best. You are better than Zacks, Morning Star, The Motley fool, the Investor's daily and you name what. I know it because I have or had subscribed to basically most of them to learn. Keep your great work going. Ramesh Ramchandani

As an avid reader of financial publications and student of the financial markets, I read The Precision Profit Float Indicator by Steve Woods (Editors Note: Steve's book came out twice with two different titles) with great excitement and utter disbelief. Excitement that this new 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 so common sense that it has been over-looked 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. I am firmly convinced that financial market authors will soon place Mr. Woods’ 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!" Orville W. Freymuth

It takes a lot of work and special insights to come up with a new indicator in today's market. Float analysis meets these conditions. Starting from a few references found in Gann’s work, Woods has extended them into a system of three trading indicators that add new dimensions to market analysis. His intention is to measure the impact of cumulative float turnover and its relationship with price breakouts from consolidation and accumulation patterns. It starts with a common sense idea that when the total number of shareholders change then the new share holders bring different expectations to market activity. This can lead to powerful changes in the direction of the trend. The explanation of the indicators and theoretical process behind them is clear and well illustrated by step by step explanations using clear charts. From the initial discovery, Woods details a further 10 lessons, or conclusions. There are 10 examples of each collected at the end of the book. With any new indicator there is a tendency to show how it fits all conditions, rather than to admit that it does not easily fit some trading conditions. The bulk of his analysis makes clear and common sense, but there are some applications which are a little more doubtful. I feel they stretch and squeeze market activity to fit the indicator. This does not detract from the usefulness of the initial work on defining bottoms and tops, and the way turnover analysis is a useful method of understanding price extension activity. The book is well written and clearly explained. Float analysis clearly has a place in trading and technical analysis and this is the book that leads the way. This is a good idea, well explained. It is particularly relevant to understanding the way the float concept is used in the construction of GCIS indexes. A Review by Daryl Guppy, trader and author

Your indicator is a beautiful thing. An elegant concept. A little beauty. One of those `now why didn't I think of that' ideas. Bruce Shand 

I FIRMLY BELIEVE your indicator is a LEADING ONE, MORE POWERFUL THAN ma, macd, stochastics & CHART PATTERNS as volume precedes (leads) prices.
Chan c.o. (Singapore)

Thank you for your awesome contribution to trading. - Lawrence Cole

Just finished reading your book, and I found the float analysis concepts absolutely astounding.- Carlos Gonzalez

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. Ernest E. Helms

Congratulations on a really, really impressive indicator. Mark Reiners, Trader

The really good ideas always seem so simple, don't they. Dennis Scully

I love these indicators! Joe Rogers

Freshest idea I've ever seen in Stocks and Commodities Magazine. Evan Hunt, Broker

Your paper is the most logical, interesting, easy to follow, and sensible paper I have ever read in Stocks & Commodities magazine. Rudolph A. Richards

I would like to thank you for your original, innovative and yet very simple "idea/approach/model" Throughout my career, I have devote my time studying all the "Fibonacci techniques" and I have been satisfied with my result. However, there were instances I used to get frustrated, because some shares would not move as fast as I would have anticipated. But NOW with this new and simple weapon, I think a lot of this frustration will eventually subside. My sincere and humble appreciation for your thoughts to share with us your Discovery. 
My Best Regards, Abd al-Rahman Ali Moosa AL-Raeesi

I always knew that the smart money (specialists, market makers, insiders etc.) accumulated stock at bottoms and distributed it at tops but just didn’t know how to turn this general knowledge into something predictive of a stocks turning point. Your technique appears to be the answer to this problem, bravo for discovering it. - Ted Groce

An altogether new insight into what moves the stock market. This is a remarkable book for a number of reasons. First, it lucidly presents an entirely innovative look at the meaning of price and volume relationships and how stock prices move in response to changeover in ownership of the "float." Second, it presents an entirely new and eminently useful set of technical indicators that effectively identify stocks that are poised to make significant price moves. Finally, the book is richly detailed with numerous charts that not only illustrate the principles presented but also validate the methodology proposed. I highly recommend this book. It will change your thinking forever about why stock prices change and what moves the market. Warren Cohen

I am impressed by two things in your writings - first, the float analysis concept in general, and second, the position that you have taken to publicly declare this discovery and document it as your own. As the popularity of this cutting edge analysis grows, so will the fame of Mr. Steve Woods! Congratulations on such a remarkable discovery. Your years of research have paid off. Thanks for all your help and your remarkable insight! Steve Berges

This is a great book showing a new way of looking at volume analysis to identify trend reversal, breakout from tops and bottoms. Float analysis can be used as one of the volume tools in identifying stocks that are ready to make a move. The author also has a great website www.FloatAnalysis.com with a copy of the original article on the subject published in "Technical Analysis of Stocks and Commodities" magazine. This is a must read book for any serious investor interested in Technical analysis. Viren Balsara, MD.

Mr. Woods, The other day while conducting a search on google.com, I came upon your web site. What a surprise to have seen that you had suggested a short sale on a stock that I had been long. Thank goodness for stop losses. That stock continued to fall and fall hard, what a great call you made. That was enough for me to continue reading all of the information on your web site. It is also enough for me to sign up on a quarterly basis for your newsletter. Thank you,
David B. Guest

Hello Steve,
I've just wanted to let you know that I'm appreciating your great book very much... even if I've not yet finished to read it I've found the time to program in Metastock the basic CTV... and yesterday (I admit... just by chance) I found a great setup in NBIX (Neurocrine Bios)... a short-length float turnover range and boom! it sputniked... I wish to do my compliments for the intelligence idea behind this technique.
Cheers MarcoT from Italy 

The following is what one subscriber told us when we asked him why he had canceled his subscription: 

The only reason I am canceling is because of my time constraints. I was following the emails, but later just got lazy. I did use one of the recommendations, and made close to a $1000 (3 zeros) with a single option play (I never buy/sell stock, only options). It paid for the subscription. The recommendations are not too many. They are just fine. I did not use the float central. I believe if any one just follows the recommendations, a good amount of money could be made using put options on all short plays.
Regards, Amin Valliani 

I love the pioneering technical work you are doing. Great insight! You give inspiration that there is a "technical frontier" out there to be explored. Robert Parker, Tampa, FL

I have enjoyed listening to your guest appearances and profited from your picks so want to thank you for all your calls. 
thanks Sunny Mathai

I have really been impressed by your work in the area of Technical Analysis. It's not everyday of the week someone comes up with a fresh and effective approach to Technical Analysis. I wish the best for you in your endeavors. 
Regards, Jack Simmons

Your concept of "overhead support" is a revolutionary idea.
Roy Peer

I could NOT put your book down !!! I can't thank you enough for sharing your work with the world. I have been SERIOUSLY trading for over two years now and though I had a good start I've been very near giving up. I now have a VERY good grip on the fundamentals AND the technical aspects and feel very confident with using them, it's just that there was ALWAYS something missing. I feel like a great FOG has lifted. Chester Travirca

Unfortunately, I must cancel my subscription at this time. I think you have one of the most informative sites, if not the most informative site. However, I am pressed for time and cannot consider trading at this time.
Sincerely, Linda Calabro

Your float analysis is the single most fundamental breakthrough in technical analysis since candlestick charts were re-discovered, maybe even more fundamental and important. I'm amazed float analysis is not a buzzword or basic premise commonly known to investors...it seems as though it should be. Greg G.

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. Mark Conway author of Professional Stock Trading

Steve,
You have really made me understand the mechanics of stock price movement. Having studied the market for over 25 years........this might be the best and most logical approach I have ever seen.  Very consistent.  Stefan Birnbaum

Hi Steve,
I'm an old user of your Float Analysis software on the Tradestation platform. I used it quite a bit early on, but the trouble of manually inputing the float made it impractical to use with a large number of charts.  I found your new site and LOVE IT. I'm a gold subscriber and am using the StockShareV2 software and I LOVE IT. I still use Tradestation for some proprietary indicators, but StockShare is the first program I would consider using on a regular basis.  I'm using the 30 day demo, but at the end of it I will be purchasing two licenses, one for the office and one at home.  Great work on making the Float Analysis really usable.
Kind regards,  Bill Nelson