Svez01: As a newcomer to TA myself, just a supporting note here while we wait for the masters to clarify the situation. Starting off, i would agree with you, if we look only at the last 6 weeks of your chart; your observation might still be right after looking as far as 6 months back. However it could be just over-optimistic taking in the longer term data. There are clearly a sequence of runs up & down, with lower lows happening (up to ~6 months ago) - so a pessimist might claim IFT is still in a sinking trend.
But as a longterm holder of IFT, of course i hope you may be right! ;)