Marvell Technology Inc (MRVL)

[SyndicateTwo]

The DOW today has clearly broken its little rising wedge today and looks to be on its way to retest the lows of last week. The $NDX looks the same but to a lesser degree. Seems to be holding a little better.

But what I'm amazed at is McClellen's timing here. Right on the money.

If he's right, then we draw down for the next two weeks to March 26th.

That should do it.

His prediction is also that the majority of price damage is done. So, the decline overall shouldn't be that bad.

We'll see.