Recent content by Steve Woods

I'd like to thank Dustin, Tymjr, and Praetorian2 for their comments. Praetorian2, it may too late if you already ordered the book from Amazon.com, but it is $20 less expensive at TradersLibrary.com where it is also #4 on the best sellers list. Best regards, Steve Woods FloatAnalysis.com

Since my newsletter and its credibility have been under attack, I thought the results of my last week's stock picks might be of interest to those who are taking a closer look at Float Analysis. One of the objectives of my newsletter is to minimize 'information overload' so I try to minimize...

Part 2 of 2 Here's a look at the individual stocks in question. CHIC - I WAS WRONG. A breakout above a single base of support broke down and turned into a float turnover top formation instead. PCLN. If you take the time to read the newsletter dated May 4th, you would find that in that...

Dear Demi, Thank you for your attempt at analyzing my newsletter's track record. I welcome investigation into the nature of float turnovers and their analysis. I believe however that your research could be improved. Indeed I believe that your accuracy would be enhanced and the practical...

My computer won't open the sites at insidetruth.com that you referred to. Any chance you could summarize what I'm missing? Steve

Dear Nicodemus, In your earlier comment you used the term 'short term' trader and in this most recent comment you referred to 'day traders'. Float Analysis can help most all market players but especially short term traders (days to weeks), intermediate term players (weeks to months) and...

Hi Nicodemus, I must admit that your three sentence 'comment' of my book left me amazed for its brevity. If the readers of this thread use your comments alone I think it would leave a rather unbalanced view of the matter. Fortunately you aren't the only person who has read my book and...

Hi Babak, I find your question a bit frustrating and difficult to answer. Float Analysis revolves around three new indicators that are new tools that many technicians have added to their toolbox. Now a tool is just a tool. It may be better or worse than other tools but in certain specific...

Dear El Cazador, I recently had a long talk with a lawyer at the Securities and Exchange Commission and it turns out that my newsletter may not be "impersonal and disinterested" enough of a service for me to qualify for the exception that applies to most newsletter writers. They advised me...

Hi Silvius, I'm in the process of having my returns audited so I'm not sure how to go about answering your first question without incurring the wrath of the readership here for not having returns verifiable. Understand that when the account hit $72,000 around March of 2000, I went on a...

Hi Silvius, I'm in the process of having my returns analyzed so until that is complete I'd rather not comment on them. To your second question, I can only say that I am constantly trying to learn from mistakes and refine my methods. I don't have a system. It's more of a methodology. So...

Hi Dufferdon, The question of "Why would support and resistance appear typically halfway back into the previous float turnover range?" is an interesting one. Rationally I'm not sure there is a good explanation for it. To me I guess it makes "intuitive" sense because as a stock in an uptrend...

Hi Eli, When I said I like float turnovers that are turning over every 15 to 40 days, I am referring to how they look when I first put my indicators and begin an analysis of them. Realize that float turnovers are changing every day much like a moving average. As new volume gets added in on...

Dear Babak, Thanks for the info on the professional trading auditors at Effron. I'm going to contact them today. What does "pm" mean in your comment "hope you got my pm first of all" ? Concerning your question about exits, position sizing and stop losses. You have to analyze each...

Dear Sam, Although I fear that no matter what I say, you have labeled me and placed me in some corner of your mind reserved for the unscrupulous, I would first like to thank you for calling me a gentleman early on and defending my actions when I first began responding to questions. I have...