I highly disagree. Forget the TA and Elliot wave and whatever like you say but...it is screaming at you to buy. Yes, I do believe S2 in that the first trading day of next year you will regret if you don't buy now. Bhutto death.....what the hell does that have to do with MRVL (or the market in general)? Consumer confidence was up last month.
I bet this year the government is going to actually have massive capital losses and write offs to deal with rather than capital gains to count on. Over 70% of the market is in a bear market and the winners are so small that they won't be selling them. So, all the losers get sold. That's why the extended selloffs here.
2007 was supposed to be this huge 3rd year prez cycle run. And funny thing is, the indexes themselves did pretty well. You couldn't short them and make money. You had to short individual stocks.
What a POS market this year was. And who knew MRVL would do what it did. None of us.
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