Disliked1.414 is approximately the square root of 2. The square root of two is the hypotenuse of a right triangle whose other sides are 1 and 1.
Hope it helps you.Ignored
nowhere does it fit into fibs used in forex charting that I have ever seen
http://en.wikipedia.org/wiki/Square_root_of_2
Don't chase the market, Let the market come to you