Replies to post #14775 on The New CS Board

[ahimsak]

Glad some people can read this current price action, is not clear to me what happens the rest of the week, but will buy around 1700 if all else fits.

For not, still not enough fear in options to warrant a buy signal.

[dindindon]

02/06/14 . . . . . . . .

At the ‘do or die’ moment on the time length for this intra-day bounce from the minor low 1737.92; The bounce time length determines the delay to see another low towards the last week of February.

Numbers in italic are the projections (see table) from the wave extensions & Fibonacci retracements. those in grey are actual numbers. (1768.10 is a wave extension @1.000 , I will release the wave table is a separate post, let's go step by step)

Table link http://forexrainbow.com/images/28250003805511906708.jpg

chart link http://forexrainbow.com/images/71579055055849810366.jpg


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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 +/-. (see table)