A quite similar trading base back in jul-sep 2009 and the first pop up out of it sure looks like what's been happening since early dec 12 thru last week here. The pullback from the sharp pop higher, on a closing basis, amounted to about 3 points for two weeks. 41-42 was the pop high then followed by a 36/range and roughly 38 closing price. this would suggest that on a closing basis, ioc would appear to correct into the 68-99 area, with a range correction low of maybe 66-67.
From there, ioc had two more spurts higher in a 10-11 week period to a high of 82. Similar action here would see ioc working higher into an apr/may high equivalent in the 115 area. This is only an example of what action has followed in the past, but may provide some good clues to future action in the weeks ahead. imo