Replies to post #14816 on The New CS Board

[dindindon]

02/07/14 . . . . . . . .
continued from prior discussion on 02/06/14

There are 7 retracement frames in the following chart & Table.
use frame 3 as an example, it is from 1847.47 to 1560.33.

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

Wave set 1,2,3 is highlighted in red, blue and purple color respectively. E-waver’s gobbledygook count is not necessary in this discussion because the structure is very simple & straightforward

So far, index has retraced a nearly perfect 0.382 in reference frame 3. In overall, Bull still holds the upper hand firmly.

chart link http://forexrainbow.com/images/35314137629749863956.jpg


Frame 3 ( The supportive trend line & Fibonacci shows their beauty respectively)
http://forexrainbow.com/images/93980009758988936562.jpg

[dindindon]

02/14/2014 . . . . . . .

>> 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.
>>
>> 02/12/14 . . . . . . . .
>> S&P500 deployed pretty impressive ascending trajectory.
>> This type action manifests itself as long as it can hold key
>> support ( 1805.63, 0.236 local, [1826.55-1737.72] ), the wave
>> structure has the chance morphing from
>> bearish scenario to bullish scenario.

0.866 is a special Fibonacci ratio, it is the square root of 3 then divided by 2. together with 1.786/4, 1.618/5 .... etc to represent a set of time vs magnitude ratios. See the bottom line in this table
The retracement now reaches another 'do or die' moment both in Fibonacci Time zone & magnitude ratio, see the following chart. The time zone ratio is 0.5 that explains why the square root of 3 needs to be divided by 2. (1/2= 0.5).
Should the time zone ratio go to 0.618? I don't have such perception capability. There is little fortune in this analysis but it gives some hints how index may deploy.