Crednology Holding Corp (fka COHO)

[dmlabuda]

You are right, but, you are missing the point! The chart was reflecting what was about to happen. The chart can never tell you the reason why it is happening only that it is happening. Usually it tries to tell you well in advance so that you can act on those signals and profit from them. The next time you see a rising wedge, that market will collapse too but, likely for a different reason. Technical Analysis and chart patters are only a tool. You can either learn to use it or not, it's up to you. I am a far better trader today because I pay attention to them.