Since the 2.june bottom, ING daily price chart is looking like a coil ready to jump.It made since 3 times the up-down sequence, each with higher bottom and higher top, and each with longer time periods.I think ING price will shut up, minimum target $10.0,based partly on pretty good fundamentals (check yesterday's JPM report),partly on very strong technicals.
Well, you were correct with the hyperbole of coil ready to jump.
The latest earnings estimates look like support the technical evidence of a sustained rally.
Operating earnings are estimated to $2.20-$2.70 range for FY2012,
and the net earnings should be in $1.20-$1.70 range by the 6 brokerage report I have access to.
If last year net profit was $0.78, and if this year we really get close to $1.36,
then the rally you expected in july, well, might come true.