MNS Chart, page-1220

We closed at a 3 year low yesterday, and declines overseas accelerated. This, to me, only spells one thing. It’s time for rapid capitulation. I’d bet Max’s wedge/channel gets busted to the downside next week toward 20 cents.

This isn’t limited to MNS though. The price action across all graph/lith/battery related stocks is absolutely horrid. PLS, KDR, SYR, AGY all in fire sale mode. It’s going to get ugly.

Also I brought this up last time oil was in bear market. Oil is down 40% since October, this is a massive hindrance to the battery revolution. You’ll notice all the massive runs in lith stocks like PLS, KDR, AGY etc happened when oil rapidly rallied from $26/barrel to $75. Now as we make our way back down (currently $45), it reduces demand for emerging clean tech.