Replies to post #12178 on Marvell Technology Inc (MRVL)

[SyndicateTwo]

I know what you're saying. But the only problem I have with that is the sudden jump in volume. To me that suggests more of a technical trade issue rather than accumulation.

Now it could be that the rotation is really starting to pick up into $SOX stocks ahead of the year end move. I doubt Nasdaq is headed to 3000 without the $SOX hitting 560.

So, you could be seeing front running. The thing is that now we're above both the 50 and 200 with the 50 turning up. A continued move north, even small, could push that 50 north of the 200 quickly.

Then it really gets interesting. I think it happens because the weekly chart above looks so so good.