Marvell Technology Inc (MRVL)

[SyndicateTwo]

We're in a 4th wave correction. It's the perfect setup. Next week will be a small up week as the last week of the year always is. The first two days in Jan should be okay. Then the 4th wave should continue down. 4th waves are usually a no more than 50% retracement. In this case it should only be a 38% on the Q's. Look at the chart above for the retracement levels. When you see the Q's there, BUY.

It will only be a 5th wave rally. That puts the Q's over $45. Probably around $46. Then it should be a choppy down year until the last quarter.

But THIS year we're going to make money. No more dicking around with picking tops and that BS.