Apologies for jumping into this thread gj and mitta but I think volume is vastly overlooked by most investors/traders - how many times does a stock trade lightly yet falls 5 or more percent and everyone panics (and vice versa). The next day or week the big volumes arrive and all is changed.
So thanks both of you for bringing volume back into the equation. I use OBV (On Balance Volume) as a confirming indicator in all of my trades.