As I see it, you have one INTERVAL for you FADER, you need one for each IMG.
My jsfiddle fixes this. I added an ALT-attribute to each IMG with "dome" content, so as to circumvent the jsfiddle working on non-cat-images .. ignore that part - commented out below.
There are some fundamental things wrong with the design - keeping track of objects & references is key. Usage of "this" & "that" aren't helping in the current implementation (see comments to OP). Also, on another note, the usage of "toFixed(2)" is not really required IMHO and you can shorten "o = o + 0.1" to "o += 0.1".
JS:
var fader = {
target: document.getElementsByTagName('img'),
interval: [],
speed: 25,
default_opacity: 1,
init: function() {
this.bindEvents();
},
// Get element's opacity and increase it up to 1
fadeIn: function(element) {
var element_opacity = this.getOpacity(element),
that = this,
idx = element.getAttribute('data-idx');
console.log("fI: "+idx+" "+element_opacity);
this.default_opacity = element_opacity.toFixed(2);
this.interval[idx] = setInterval(function() {
if (element_opacity.toFixed(2) < 1) {
element_opacity = element_opacity + 0.1;
element.style.opacity = element_opacity.toFixed(2);
} else {
clearInterval(that.interval[idx]);
}
}, that.speed);
},
// Get current opacity and decrease it back to the default one
fadeOut: function(element) {
var element_opacity = this.getOpacity(element),
that = this,
idx = element.getAttribute('data-idx');
console.log("fO: "+idx+" "+element_opacity);
this.interval[idx] = setInterval(function() {
if (element_opacity.toFixed(2) > that.default_opacity) {
element_opacity = element_opacity - 0.1;
element.style.opacity = element_opacity.toFixed(2);
} else {
clearInterval(that.interval[idx]);
element.removeAttribute('style');
}
}, that.speed);
},
// Get opacity of an element using computed styles
getOpacity: function(element) {
var styles = window.getComputedStyle(element),
opacity = parseFloat(styles.getPropertyValue('opacity'));
return opacity;
},
bindEvents: function() {
var that = this, count = 0;
for (var i in this.target) {
// the whole "dome" is just a fsfiddle hack - otherwise it sees 7 images instead of 4!
//if( this.target[i].alt == "dome" ){
console.log("COUNT: "+count);
this.target[i].setAttribute('data-idx',count);
this.target[i].onmouseover = function() {
that.fadeIn(this);
}
this.target[i].onmouseout = function() {
that.fadeOut(this);
}
count++;
//}
}
}
};
fader.init();