Wednesday, February 05, 2014 11:01:11 AM
SPX Updates . . . . . .
Intraday hits 1737.92, the projection (see table below) is 1737.78 (reference frame 3, 0.382)
I speculate that this correction will extend to the last week of February.
The projection is in the range of retracement 0.3236-0.4465 in reference frame 4, +/- one Fib, range 1684.34 - 1622.38 +/-. But, I am not sure index will get there in February, step by step, let's see.
Numbers in italic are the projection from the wave extension & Fibonacci retracements. those in grey are actual numbers.
I will explain how to calculate 1847.47 and 1854.12 in the coming days. There are good reasons the table use 1847.47 instead of the actual high 1850.47. in brief, using 1847.47 provides much better projection quality (1823.63, 1815.32, 1800.03, .....)
chart link http://forexrainbow.com/images/22067669876712182039.jpg
Table link http://forexrainbow.com/images/28250003805511906708.jpg
To give an overall picture, Here is the chart I did in September 30, 2012:
chart link: http://forexrainbow.com/images/96164382991989141043.jpg
September 30, 2012, 8:24:46 PM, time stamp link:
http://forexrainbow.com/viewer.php?file=96164382991989141043.jpg
Intraday hits 1737.92, the projection (see table below) is 1737.78 (reference frame 3, 0.382)
I speculate that this correction will extend to the last week of February.
The projection is in the range of retracement 0.3236-0.4465 in reference frame 4, +/- one Fib, range 1684.34 - 1622.38 +/-. But, I am not sure index will get there in February, step by step, let's see.
Numbers in italic are the projection from the wave extension & Fibonacci retracements. those in grey are actual numbers.
I will explain how to calculate 1847.47 and 1854.12 in the coming days. There are good reasons the table use 1847.47 instead of the actual high 1850.47. in brief, using 1847.47 provides much better projection quality (1823.63, 1815.32, 1800.03, .....)
chart link http://forexrainbow.com/images/22067669876712182039.jpg
Table link http://forexrainbow.com/images/28250003805511906708.jpg
To give an overall picture, Here is the chart I did in September 30, 2012:
chart link: http://forexrainbow.com/images/96164382991989141043.jpg
September 30, 2012, 8:24:46 PM, time stamp link:
http://forexrainbow.com/viewer.php?file=96164382991989141043.jpg
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