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Author Message  gdd3 Member Username: gdd3 Post Number: 292 Registered: 09-2002 Rating: N/A Votes: 0 Tuesday, May 06, 2008 - 02:53 pm:     ING Funds don't really excite me much(not really a fan of Billy Connolly) but IIF is looking pretty interesting on the charts at the moment and if you are interested in any sort of Gann/Fibo stuff their tools seem to be providing some useful hints to direction and swing points. Way back since the May 25th, 2006 low at $2.02 the 42cd(2x21)cycle seems to be picking up a lot of the swing moves. Coincidently variables of the number 42, such as 42% and 142%(1.414=sq of root2) seems also to have come into play. Take the time it took from the 25th May 2006 low at $2.02 to the 11th Oct 2007 high at $2.87 it was 504cd(12x42); the rise was 0.85c(2x42+1) which equalled a 42% increase and the fall($1.215c=3x42-1) from that high to the 17th March 2008 low at 166.5c was also exactly a 42% fall. Now since the 17th of March 2008 low we rose exactly 50%(of the move from the Oct11/2007H) to the next swing high in 21cd on 7th April 2008, fall another 50% to the next swing low in 21cd(our next 42 cycle)hence squaring time and price. From here you would thing we would advance towards the $2.30 mark by about May the 14th(some 42% of the time it took from the may 2006 low to the Oct 2007 high).... maybe? From a chart pattern point of view isn't it "panning" out a H & S low pattern since its January 2008 low? O well, we will see what the market wants to do! Cheers Dolphin

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