So, 3 ballots inconclusive. What might this mean? My .02: This means the end of the Ratzinger option, who was not able to reach 77 votes. So now we move to a consensus candidate, acceptable to the conservatives and to another smaller coalition/ group. My hunch is still with Card. Bergoglio of Buenos Aires.
Not necessarily. Maybe Cardinal Ratzinger has been near and only needs some more votes.