The following observation from Master Kenny is important:

"We are in the 17th day of corrective action, and near the end of our minimum expectation of time required (15 to 18 days) to exhaust this corrective action, (but with a maximum time factor still projected at not more than 36 to 40 days). Each failed attempt to close below 1770 widens out this accordion correction and weakens the possibility of for a return to the 1705.40 low."

I recall reading him a week or two ago stipulating exactly this. I was a bit discouraged at the time. As usual he was right.

Now we have Turk and Sinclair basically saying the same thing.

Later