If the Mother of All Bear Rallies is about to shrug off a World of Trouble and head the “wrong” way — i.e., up — it will telegraph the move by popping today above 1313.00. Such a thrust would be strongly impulsive on the hourly chart (see inset), indicative of a bull trend that would likely carry into week’s end if there’s no news horrific enough to give buyers pause. Please note  as well that a pullback from just above 1300.00 has the potential to set up a camouflage buying opportunity on the lesser charts.  _______ UPDATE (11:22 p.m. EDT):  Driven by fears of a reactor leak in Fukushima’s containment vessel, index futures have turned sharply lower tonight.  The E-Mini S&Ps have trade as low as 1272.00, but they’ll need to fall to 1266.00 to max-out downside ‘d’ targets on the 120-minute chart. (A=1325.75, B=1283.00, and C=1308.75).  I suggest using camouflage to short any overnight rally that hits 1287.25, the c-d midpoint.