That is a long term Volume Bar chart. It's in excess of 110000 contracts per bar. And you are correct about most people not understanding what they are seeing in that chart.
look Folks the deviations of movement can define some stuff...prof had two pages of rules on his website, which I printed out a year ago when he let me peek...carry on Prof
This is when I realized that there is something to his work...its just that I do not have the time to spend a few years digging deeply and forward trading...
I just like to banter with him so he does not forget me...cause someday I will ask his permission to research with him and hopefully have something to give, Lord Willing. I am sure Prof could keep me busy, as I like to prove everything...Hypothesis is just an opportunity to prove...