weekend charting elevator week 7th may, page-11

Hi scilliams; nice charts. I have that megaphone on my charts ... probs pinched idea from you in previous posts. Have this note that I got from somewhere:

"A Megaphone Top is a relatively rare formation and is also known as a Broadening Top. Its shape is opposite to that of a Symmetrical Triangle. The pattern develops after a strong advance in a stock price and can last several weeks or even a few months.
The Megaphone Top usually consists of three ascending peaks and two descending troughs. The signal that the pattern is complete occurs when prices fall below the lower low."

I understand it is a very bearish signal.

I count 3 ascending and 2 descending descending .... true to the theory .... fairly sure I read that vol is supposed to increas as price moves through and then well BELOW that descending trend line ....& vol has been ramping up last 4 trading days.

Some of tehse "patterns" are spookily accurate IMO .... if it continues to play out we may still have more of the Greece(y) pole to slide down???

Will be interesting to see what other posters think this w/end??????