Earlier today, I was monkeying around with the chart of the Russell 2000 ETF (symbol IWM), and just for the hell of it (which is the thoughtful basis of many of my mark-ups), I placed a Fibonacci Retracement study from 10/4/2011 to 9/14/2012. I was stunned at the result.
It's evident that this retracement has meaning for this symbol; it's interesting to me that, in the span of merely six days, we have traversed an entire range from one level to another.
