March Crude has been taking its sweet time falling to the 58.84 target shown in the chart. We’re all rooting for it to get there, and soon, since it would be churlish to wish instead for oil-company executives to do the right thing by committing seppuku. They’ve been reporting record profits that dwarf any achieved in the past, and this is surely starting to grate on all of us.  The patterns shown in the chart (inset) seems likely to work, since it has already triggered two ‘mechanical’ shorts at the green line that paid off in a big way. ______ UPDATE (Feb 10):  Someone please wake me if crude jitterbugs its way above the 83.14 ‘external’ peak, creating the first interesting impulse leg since mid-October.  That’d be just what America needs right now: a return to $5 gas.