Hard to say how much additional technical deterioration will be in evidence before, suddenly, the floor turns soft. One thing certain, though, the cheer that went up today when sailors aboard the Hyperinflationary Happiness gave convincing "Aye-ayes" to Captain Bailout is but another day in the life of a plague-wracked banking system in an age when every minute counts.
Prospective formation of a fourth and fifth wave completing five waves up from late-November could develop along lines indicated above. As long as Europe, the Middle East, and Chicago don't blow up, the fading fit of a technical trade losing conviction nevertheless could persist, as it has since early February. Likewise all attending blather from the Hyperinflationary Happiness crew.
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