LuisVelazco
Short

RUSSELL 2000 Respecting the FIBS

INDEX:IUX   Russell 2000 Index
58 2 0
Chart initially drawn 2 weeks ago. Butterfly was added today. Again the RUSSELL respected two Fibonacci points drawn at 2 prior lows and it bounced within the zone. I'll go out on a limb and say that it most likely will make a pit stop around $1000 and then decide whether it will go and visit Fib Ret 2.618 or bounce back to life. As always, comments are welcome.
again, nice chart ... I think your call for around 1000 will end up being on or near the money.
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LuisVelazco IanLipner08
Pre Markets are down today
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