This is for swing/position trading: Like others, I've read in TA books how volume is an important indicator of 'fuel' for moves up or breakouts out of ranges. Some books even go as far as saying that if a rally doesn't have volume, it is suspect and should be avoided, if not shorted. But over the years, I've seen so many examples of stocks levitating with a placid volume line underneath that I'm really beginning to wonder if volume is all that important. For brevity's sake I offer only two examples here: GMP (Cdn - TSX) TRID (NASDAQ) I've sidestepped many stocks like these because they 'just don't have volume'. Are they the exception rather than the rule? Or am I onto something here? I would really like to know what others think about this in general as well as those two examples specifically.