Marvell Technology Inc (MRVL)

[sungolfer]

Presently semi's trading with the rest of the market.The SPY if you look at a daily chart will see no clear direction at a mid-point of a broad but narrowing trading range(triangle).ONCE we hit the pivot point we will know.Seems to me the market is lining up for some event.What i do see is the macd lines rising for the spy,smh,dia.Can it be the smart money is slowly buying in.Rambos may be right on the semi's as over the weekend on a few programs i watch,comments on semi's starting to look interesting.This does not mean we can't fall more but i think we maybe close to a end.Remember market looks a head six month's.Plus the one sector that never took part in any real rally has been the semi's.The rotation of the big money always whats a deal,tell me semi's aren't for sale.IF world econmony is going to slow we all know energy and finacials are effected.Let rotation begain.ONE other note the number of downgrades that have come out on semi's,we all know brokerage firms are honest.