The NASDAQ opened weak on an AAPL downgrade and the QCOM/BRCM patent battle. A small rally mid-morning just set things up for a bigger slide in the afternoon. So the bears have stepped in and it remains to be seen how deep this pullback will be. MRVL is out AH warning on Q3 revenues which are expected to be down 10% from Q2. They also noted that FS will have to restated due to stock options. BRCM is down about 1 pt. in sympathy with MRVL. So I'm expecting more selling tomorrow morning.We carved out a wide range bearish candlestick and closed below the rising 10 day EMA. Our next level of support is 2225, roughly in line with the rising 20 day EMA.
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