highly unusual

G'day,

As a chartist and long term technical trader, the INL chart over recent times has been extremely unusual.

Since peaking at $0.31, the chart action has gone from being a highly predicatable fib pattern, to a (in my opinion) highly manipulated one.


If the market did not like the company news, why did it got throught a tidy consolidation pattern in the mid 20's and then make a new high at $0.31?

Why, has it then been slowly grinded down in a effort to make it look weak at the end of each day to below the point of the previous consolidation?


I, for one, feel that the manipulators have done a sterling job, probably selling 4 mill shares some days and buying back 6 million at a lower average price than if they left the market to its own devices.


From my experience, they can't do this forever and soon or latter run out of willing sellers.


I think tommorow will be one consolidation.


I see good bounce next week.




All the best