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Anyone have ideas of how to draw volume float indicator on daily
charts similar to those done at floatanalysis.com?
example charts found at:
http://floatanalysis.com/fa101.htm
some samples that were sent out as alerts and have
been profitable:
http://floatanalysis.com/graphs/recentpicks/dhb.htm
The author/originator of this idea claims to have a very powerful
idea of when to buy a stock. If I understand, when the outstanding
share turnover is completed (seen thru volume as compared to float of
shares), powerful moves can happen. If the turnover happens after a
nice runup, the float indicator, graphically shows that distribution
might have been completed and price likely to fall. Reverse if it
happens after a decline in the share price.
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