In Figure 12-2, you can see the histogram that was generated by the
time projection report. There are two separate standout clusters of cycles
that were coming due for a possible high. An actual high and reversal were
seen into the first time cluster illustrated on the chart. After the market
started to decline from that new high, made at 820.00, I would have run a
new time projection report from the 820.00 high to identify time periods
where we were more likely to make a low and reversal back to the upside.
As a market makes new swing highs and lows, new projections are made
to help identify the next time windows for possible market reversal.