To test my idea, I hired Jan Arps to write what is now known as the Woods
Cumulative-Volume Float Indicator. Jan, a successful 30-year veteran of
the commodity and stock markets,develops trading software as an Omega
Research solution provider.Using the software that we developed, I could
hardly contain myself with the results of my studies.My insight was entirely
accurate. Every stock that made a top had a float turnover right at the
peak, followed by a sell signal as the price dropped below those who were
“stuck at the top.”