The chart above encompasses the period from February, 2001 to October, 2001. At the time, the S&P
500 Cash index had formed a March bottom - and then witnessed a huge rally into the month of May.
Then, on May 21, 2001 a specific pattern occurred that signaled an alert to mid-term traders that
an important market top was about to form! The day that pattern occurred is market with a red
arrow on the chart above.