high. Those projections would have given you two dates, 12/20/06 and
12/21/06, to watch for a possible low. A tradable low was made on
12/21/06 in this case.
These cycles could have been projected from any high where you
started to see a market reversal. For example, if we had projected these
time cycles from a high that formed before the 11/22 high, the projections
for a potential reversal would have been valid at that time. Once a new
high was made beyond the high you projected from, however, the projections
would have been negated.