Figure 12-5 is another example using the same daily S&P cash index,
but this time projecting for a possible high from the 11/28/06 low. One of
the standouts on the time histogram came in between 12/15/06 and
12/18/06. This was a time when we would have looked for a possible
termination of the rally that started from that last low on 11/28/06. An
intermediate high was made on 12/18/06. It was followed by a tradable
corrective decline.