Basic chart formation question

[Eric Porcher <eporcher@xxxxxxxxxxxxxxxx>]

A non-Metastock question for 
anyone who cares to comment...Attached are two views of the Nasdaq 
Composite, hourly, from<A 
href="http://cbs.marketwatch.com/tools/quotes/intchart.asp?siteid=mktw&symb=comp";><FONT 
face=Georgia color=#000080 
size=2>http://cbs.marketwatch.com/tools/quotes/intchart.asp?siteid=mktw&symb=comp<FONT 
face=Georgia color=#000080 size=2>The second, smaller image, is the formation 
I'm curious about.  Basicstuff I'm sure.  What's it called, and 
what are the implications?Thanks,Eric

Attachment: gif00015.gif
Description: "COMP Mar 27 02 10-40 PST small.gif"

Attachment: gif00014.gif
Description: "COMP Mar 27 02 10-40 PST.gif"