Crednology Holding Corp fka COHO

[dmlabuda]

SHAR closed outside the wedge today even with the end of day rally, and like or not, tomorrow it will close still lower. If you doubt that, draw a straight line connecting all the lows from May 24th to June 3rd. and extend it out to today. A rising wedge is very steep and the whole pattern is all about deception. It gives the appearance that the market is going substantially higher but, in fact, it's the beginning of and interim top and market correction.

How can you disprove what has not yet happened? Give the market time and you will see what I'm talking about but, you could have taken profits when I first mentioned it and been happily on the sidelines awaiting firm support which we won't see anytime soon.

If you believe in the longevity of this stock and ride out the market swings. I much prefer to take profits when I have them and continue to buy low and sell high.

In my opinion, nothing has changed and I still believe SHAR is going lower for a much needed market correction.