Marvell Technology Inc (MRVL)

[SyndicateTwo]

The next time the $SOX hits higher than 473, that should mark the next BIG rally and MRVL should be headed into the $20s. I think the next time MRVL hits the $20s, it won't be on some artificial nonesense like short covering into earnings or some hope of news. It will be because it's being bought by the big boys. There's no way that the $SOX is going to break out without MRVL headed with it. This will finally put a nail in the downtrend coffin.

BUT! What's going to happen in this next pullback? Big selloff and new downtrend? Or new bull market? There are so many reasons why this market should fall big. I heard another today that postulated that aging bull markets always end with big cap leadership and small cap lag. That means distribution as the big boys pawn off their stock to newbies who are chasing. 'They' buy the big stocks to push up the big indexes in an artificial move to make the market higher than it really is.

It could be. We also had a 1997 mini crash and 1998 major bull run. So, we could be set up for that.

Just be careful. We are on the verge I think of a big decline. It 'could' be a BIG buying opportunity. 'IF' the market tanks going into Nov, then we'll watch the $BPNDX and $BPINDU charts very close for signs of a bottom that could lead to a major run into Jan. That means most likely QQQQ calls. We'll see.

Keep your powder dry. I've been screwing up the last month. But I think we can end the year big. I just need to see what's going to happen with this pullback.