Marvell Technology Inc (MRVL)

[SyndicateTwo]

It's my opinion that the $SOX chart above tells the tale and today's reversal confirms it.

I think you've seen the lows in the $SOX and could see a sharp reversal upward. The H&S has now been completed with only the July 2006 380 low being one possible downside target. But I just don't think so with this time of the year with the MACD histogram screaming divergance. (higher high on lower low)


Based on everything, I think MRVL could easily gap higher on earnings this time unlike every other time. We have the complete reverse of everything last time.

I covered my short Jan $15 calls and am now just long the stock.