Questions to Jack Hershey

Has Jack or anybody else done an updated version of the chart that shows volume distribution during a day and volatility related to volume based on recent data?

 

I mean this one:

 

Can you prove that this is nonsense?

Perhaps this is an opinion of yours, no?

 

Over at TL, Spyder posted that this chart is based on a 20 day volume analysis of the ES, which is then divided by ten. I view it as more of a guideline than something hard set.

 

I'm just curious to compare the distribution now with that chart from a period with less volume, nothing of great importance, I guess the distr should follow a similar pattern.

 

Ask and you shall receive.

http://www.elitetrader.com/vb/showthread.php?s=&postid=1829073#post1829073

 

Thanks!

 

Bulls EYE!

 

Pick a clearcut unequivocal quantitative statement by Jack that you believe to be true, and I will be happy to oblige. It will be harder for you to find such than for me to demolish it.

 

Volume leads price.

Demolish this for me.