Containing techniques to use trading volume as an indicator of market direction, Trading on Volume is the first serious analysis of how to employ this accurate tool in today's fast-action trading environment. Specifically, it details how traders can pinpoint the rise, climax, and fall of the activity of market participants, and dramatically increase their opportunities to buy near stock or market bottoms and sell near tops. Trading on Volume describes the basics of volume, discusses the value of behavioral science in understanding volume, and then provides actual, market-tested techniques and strategies. Longtime market analyst Don Cassidy presents specific techniques to use volume to trade more efficiently, including: volume crescendos, volume spikes, and crowd formation and dispersion. This volume reveals market trends and trader psychology, and practical applications, using stocks and exchange-traded index funds.