Remember PlugPower? [PLUG]

In the backlink one of the models I gave is reproduced below.  That model suggested that the shares could begin to accelerate to the bottom of the channel with target price in the 50 cent range.



So today it has taken a slightly different path and thus I am showing the current actual PLUG chart in log scale.  The chart has taken on that bent over fishing pole look that is often a precursor to a rapid snap back that, in aggregate, I refer to as a unicorn tail.  This has now fallen slightly past the mid point of the rising wedge channel so I think it could have more to go but when it bottoms it should be a rapid finish with rapid recovery perhaps similar to what happened during blue B of red 4.

After it bottoms, and that should be this coming week, I expect a minimum bounce up to $1.30 but it would not surprise me to see it go as high as $3 either.  If it doesn't find support at the current level then it should do so at 85 cents which would be the gap fill.  Please keep in mind that I rode it up for nearly a double into the $3 range and then dumped it right at the peak.  These trades are a matter of public record which can be easily verified by walking through the backlinks. 

The only way I could call these turns is if there were some kind of semi predictable pattern to it.  If you think this is trading on fundamentals and news then I must know the future.  But of course I don't know the future and so there must be some kind of predictable order to it.  As it happens, there is.  And the only decoder ring for understanding it that I have ever seen is the Elliott wave principle.  It's not perfect and in fact even the best EW analysts are only right 70% of the time in future model predictions.  But the key is that we know very quickly when the model has gone wrong and that is just as important as the original prediction.  I can tell you that I called the recent bottom in the miners to within a couple trading days. 

2017 is going to be  very volatile year by all indications - far more than many think is possible. If you want to have some advance notice on what could likely take place, you know where the subscribe button is.  And by personal request I have also added a month by month subscription option for those that do not like automatic monthly renewals.  I'm sorry but the extra work it will take to manage month by month subscribers means I have to charge a few bucks more for my service.  Nothing is free after all.  But it does give monthly control of the cash burn rate and every conservative person I know is looking for that right now.  Best of luck in your trading.

Welcome to the new conservatism: Deutsche Bank makes grand public apology.

Deutsche Bank has taken out full pages ads in Germany's largest newspaper to apologize for "serious errors" the cost the bank money, reputation and trust.  The new CEO has blamed the misconduct of a few employees for all of the problems and promises that these events will not happen again.  You might think it strange coming from me since I rail on the banks so heavily but I believe him. 

It's not that Cryan is some saint or anything.  It's simply that behaving badly has now entered into the quadrant of diminishing returns.  It is costing more to behave badly than the bad behavior was bringing in.  And banks don't like to lose money.  Its just that simple.  Does this means that Deutsche bank is now going to prosper?  No, of course not.  The bank grew to its current size based on outsized revenue from corrupt operations and as those are wound down you will see the bank have to downsize in locked step.  Those corrupt operations which allowed Deutsche bank to get so big are no longer going to be there to puff up Ponzi Profits.  And so the bank is going to have to go through some painful deflation before it gets back to sustainable operations.  But the apology is clear evidence that the bank is going to do just that.

Why?  Simply, because it is a liberal quality to never admit fault.  They pay a penalty without admitting guilt because they are never really sorry for their misguided actions. True conservatives are quick to acknowledge their mistakes and then they work to actually not repeat them.  Conservatism is being shoved down Deutsche Banks throat by all the lawsuits and fines they have had to pay.  "Crime doesn't pay" is a conservative concept.  Crime has been paying off like crazy during the last 50 years of liberal lean at the global level.  This highly public admission of guilt by Deutsche bank is sending shockwaves across the bankster community.  They now see that the herd is changing direction.  The laundering of drug money for the drug cartels will collapse.  The financing of gun running operations and all other categories of organized crime will collapse.  These are just the kinds of signs I have been expecting to see.

The global debt Ponzi is now losing its energy source which was the banks and their funny money operations.  Those things which got pumped up during the pump will get screwed during the dump.  Bye bye military industrial complex, your funding source is drying up.

Yeah yeah, I know it sounds ridiculous.  Probably as ridiculous as when I wrote that Hillary wouldn't win and my models said it shouldn't even be close.  But it is not ridiculous and the Elliott wave count is with me on this.  Those who don't understand the cyclic nature of things always think that the current trend will go on forever, trees will grow to reach the sky, etc. They will just write me off as a loon.  So be it, but I like my odds.

People used to not care about the truth.

Trust me, they will begin to care again, and soon.  Information like this has been out there for a long time but nobody wanted to stop the Mammon money train.  Not just on the abortion topic for that is just an example of the depravity.  Corruption similar to what happened with the abortion clinics has happened in a widespread manner in finance, education, police, military, corporate America, etc. Our entire society is under the spell of a massive corrupting force called fake money.

In each case of individual corruption you find the same underlying excuse for participation: "everyone else is doing it.  If I don't do it someone else will just take my place".  This is the excuse to do whatever immoral thing they need to in order to chase the fake green paper.  Lie, cheat, steal, kill.  Turn morality on its head and replace everything that is good with a fake, fake, fake version of it with fake money being the energy source for all of the fake truths.

But the fake money train is peaking in locked step with the spread of the conservative wave and when the people are no longer enchanted by the promise of easy, fractionally reserved debt based money they are going to look back at what has taken place and they will be mortified.  Big names and big institutions who once were given unfettered freedom to do any amount of corrupt shit will be brought to heel.  People will say that nobody saw it coming but that is pure crap.  I see it coming and anyone who is not under the spell of Mammon money sees it coming as well.  Major changes are coming.

Mish:"End of Fed Independence"

Mish is not known for making too many emotional statements and so I think we should not ignore his recent post which highlights new Trump policy to Yellen's fed.  In these communications, congress formally tells the fed that they will not be allowed to continue doing things the way they have been doing them.  They are now going to be subject to oversight.  You might want to think of it as new adult supervision but where children are the supposed adults.


This is a hugely important turn of events and one which I predicted a long time ago would be seen in the final days leading to economic collapse.  No, really.  In this post I wrote, "At some point, probably in 2017, congress will kick the central bankers out with an audit, decry them as thieves (to rounds of clapping by the people) only for congress to prove itself the bigger thief as it begins massive inflation in order to buy votes.   The fed is corrupt for sure but there are relatively few palms to grease and they understand the concept of carving a steak out of the cow for dinner and then giving him time to heal before getting another one.  In other words, the fed understands the need for sustainable parasitism.  Congress will lack this discipline.  There are too many corrupt palms to grease and all of the members will take the stance that if they don't get their share, someone else will take it anyway.  It is only after congress wrests control of the money supply from the fed that I fear hyperinflation will be the new trend.  Until then we have deflation as the fed deleverages.


Mish's article states that, "the letter seeks a comprehensive review of past agreements with the Financial Stability Board, Basel, and the International Association of Insurance Supervisors".  Comprehensive review??  Ohhhh, that means "audit", doesn't it.  Additionally, have we had deflation since that post was written in October of 2014?  Yes.  Look at oil.  Look at global shipping.   Look at how the gold miners crashed into early 2016.  All of these players have been in a serious depression that has been worse for them than the Great Depression.  So many of the things that I predicted in that post, including the 2017 timing, seem to have fallen into place.  Maybe it's just another coincidence but if so, it's a doozy.  Of course, I don't believe in them and neither should any thinking person when so many of them happen in a very similar way to how someone has clearly stated they would likely take place.


Folks, the fed is running a global debt Ponzi, that much is so obvious.  This understanding guides all of my views and my models.  Any Ponzi is a confidence game.  Confidence games require confidence in the person, authority or institution running the con.  Some players know it is a con but they also know that, as Citibank con man Chuck Prince reminded us so eloquently, you never know when the music is going to stop and until then you have to keep on dancing.  Others are simply clueless about it whether out of stupidity, ignorance (they are different), or simple lack of ability to suspend disbelief (i.e. caught up in herding/can't see forest for the trees).  Again, you might not see me as any kind of authority to listen to despite all the predictions I got right but you should acknowledge that my views are fact based and not gut feel.  When Chuck fucking Prince says it's a game of musical chairs and that the music will stop some day but that everyone in the game is going to act like nothing is wrong until it all collapses, maybe you should pay attention to that.


The next shoe to drop will be that the velocity of money chart which I have been discussing in these pages for years now will bottom and then it will turn up.  When that happens, well, I think it indicates that major changes are coming.


I am monitoring the timing of these things on my subscriber's blog.  If you want the inside skinny from someone with a proven track record for "getting it", you know where the subscribe button is.  Don't expect me to give any further advance warning here for free; that is now premium content.

Look at the stupid liberals (Sarah Silverman this time) asking for shit they know nothing about.

Not long ago Rosy ODumbass said she "fully supported" martial law in order to keep Trump from assuming the office of president.  Now we have Sarah Silverman trying to convince the military to form a coup in order to depose the Trumpster.  My G-d, have you ever seen the like here in America?  The whining crybaby liberals didn't get their evil queen installed and so now they want to use force of arms to have their way.  Dumbass Sarah, if Trump was deposed, which liberal ass would you install to replace him?  And furthermore you Hollywood twit, what makes you think you would personally survive the first day of it?  With apologies to more center leaning liberals, when will you fucking rabid left loudmouthed liberals wake the Hell up and figure out that we conservatives have all the guns??  You dumb asses are asking to get obliterated with this crazy talk of martial law and coups. 


What the likes of Rosy and Sarah don't understand is that we conservatives have had the power to take over this country by force of arms all along yet we showed conservative constraint despite having to choke it down every day under the liberal rule of Bill Clinton, GW Bush (a closet liberal) and Obama.  But if martial law is imposed or if a coup is pulled off then, baby girl, the gloves come off and the shooting begins.  Nobody wants this!  And I for one think Sarah and Rosy are just pissing into the wind with their liberal temper tantrums.  But in the off chance that the remaining liberal establishment sees those kind of tweets and believes that it has enough people to support a real martial law or a real coup then know this up front: Hollywood will be hollowed out by gunfire.  Good looks, wealth or star status will not save you from being killed.  I'm telling you for your own good that once the shooting begins it cannot stop until all the loudmouths like Rosy and Sarah are gone.  Why?  Because if the line is crossed and the shooting begins then if the shooting stops before the job is done then the surviving liberal establishment might still have enough power to extract revenge on the shooters.


Do I want this to happen? NOOOOOOOOOO!   Hell No!  It would be Hell on Earth.  But history is clear in this matter.  If you win a battle and drive the enemy out of existence then you are treated like and remembered as a heroic freedom fighter.  But if you try to fight tyranny and fail to obliterate it then you are a terrorist.  George Washington and the rest of the founding fathers of the USA were considered terrorists by the British government back in their day.  All of them were wanted dead or alive.  But they won and the Brits lost so the founding fathers are remembered as freedom fighters and heroes.


It's very, VERY difficult to find middle ground.  That is why real conservatives will not start any trouble until a major line of tyranny is crossed but it is also why after that line is crossed there will be no quarter until the liberal element is substantially silenced.  So shut up Sarah and button it Rosie.  The lives you save may not just be your own but also those of everyone you know.  You don't get to have a coup without bloodletting, girls.