What's this pattern?

megaphone.jpg
 
Quote from JSSPMK:

What's this pattern about?

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2676040>

sideway movement.

where the hell did those two straight lines come from?

If my chart is cut through by a line, I will pick up the phone and call the broker with all kinds of profanities. If my chart is cut by two lines, I will call the broker's mother's names.

I have done that many times to a cable company (Comcast), a phone company (AT&T), and some other companies that I don't remember.
 
Quote from Pekelo:

megaphone.jpg

also known as a broadening top. The daily chart of the NASDAQ composite also has this formation. My TA bible indicates that this is a bearish pattern.
 
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