interesting week ahead, page-8

Sir Launchalot and Jaded!

You both have no idea on TA so why you bother commenting on such never ceases to amaze me!!

Jaded, I suspect you have a nickname that you pedal to those wishing to hear your garbel something along the lines of "Legend" or "Guru". Of course only you refer to yourself as this but it makes you feel good! I've come across many like you in the past!

Now to get down to some facts for the uneducated!!

Fact 1: INL bottomed on 23/24 April and subsequently broke out of its prior down trend channel on 29 April.

Fact 2: INL has put in 1 higher high and an equal higher high and two higher lows since 24 April! (daily chart)

Fact 3: RSI and stochastic triggered buys on the weekly charts on 28 April and 18th May. Weekly charts are significant because they indicate the stock is trending!

Fact 4: MMA short term MA's have risen and now compressing indicating a move is iminent. Could be up or down but the other two indicators are indicating upwards!

Fact 5: Technical Analysis clearly defines an up trend commences when a down trend channel is broken and a sequence of higher highs and higher lows are formed!

I for one have my diploma in TA! Another words done the courses and learnt my trade from the so called experts! What have you two done except learnt to run off at the mouth and spruik total rubbish!

As I said, those wishing to get into INL will not have a better chance than now to get set! Listen to these two clowns and you potentially miss the boat! For those that want to alleviate some of the risk at the expense of missing some of the initial upside, buy at a close above 20 cents! Obviously, a close below the April 23/24 low is bearish.

For those interested, have a look at the INL daily chart and compare 09-21 Nov 06 with last weeks action. See any similarities???