MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today's Markets
by Andrew Coles, David G. Hawkins
Steve Woods's Float Analysis
In Steve Woods's two books published in 2000 and 2002,13 he introduced a system called Float Analysis, which actually is a special case of Arms’s price projection methodology. It is based on a stock's float, that fraction of the outstanding shares that are available for trading by virtue of there being no restrictions on the owners to keep them from trading the stock. Whenever the trading goes through a period where the cumulative volume traded is equal to the float, it's approximately correct to say that the stock has all new ownership of the shares that are available for trading at the end of that period, so that will affect the dynamics of the trading going forward. Go back now and reread the section earlier in ...
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