ihgn cheaper, page-12

is the goose strating to lay the golden egg? g'day guys...this weekIHG has eclipsed its all time weekly volume by tradeing approx. 59 million shares for the week almost twice as many shares traded as the previous highest volume week of march 2000 but also remember there r now mnay more shares on issue as there were back then.for the mnth of feb. ihg has so far traded 73 million...far out numbering any previous mnthly high...again more shares on issue now.

from a daily chart perspective the price has moved fast and we have the 34 dma at .033 so we could ex[ect teh price to gravitate back towards there[theoreticly anyway].on the daily chart we have the cup formed of a cup and handle formation...i wouldnt like the price to go lower than .038/9 in order to keep this formation active.on a weekly chart the 34dma is at .059...so i think that we shouldnt have to much trouble reaching that...not saying that it will go striaght there,but it should be achivable in the near term.beyond that we should have resistance at .097 and then .135...the time line for that i'm not sure of.

daily indicators i.e MACD,RSI,STOCH are heading towards the overbought levels,but not quite tho,so it wouldnt surprise me to see more upside mon.,with retrace during the middle of next week.weekly indicator wise things have only just started to get going so there is plenty of upside in the price in the med. to long term[SO FAR]..have a look at the mnthly MACD..its just about to go positive from below zero on a cross over.

atm we r still holding,and will asses each day as it comes.when i emailed the compnay the other week all they would say was that they usually released their half yrly results towards the end of FEB....maybe people r buying up leading into that release...lets hope its teh right people doing it...also remeber taht teh sophisticated investors have their share in escrow for 6 mnths.

ok thats about it....remeber this is a spec.and unless the compnay can come up with the results ...its worthless....cheers