Yesterday’s short-squeeze racked up 300 points in the space of just 60 minutes, so we should not assume that the bozos doing the buying are now so completely cured of anxiety attacks that they could not do it yet again today or tomorrow. That said, it should not go unnoticed that the literal height of yesterday’s hysteria failed to surpass the look-to-the-left peak shown in the chart. That is usually a reliable sign that buyers lacked the guts to turn a phony short-squeeze into something we might have to take more seriously.