Kuwl's Position Swings & Bullish Trenders

[kuwlness]

Looks like market liked the GDP revision. This area was my target, so lets see where we go from here. Looking for some more of today's gains to be given back by close although the S&P 5-min seems to be putting in a bull Flag. Looking for market reversal on Monday or Tuesday.

$VIX is breaking out of a bullish falling wedge on the 60-min chart while S&P and other major indices are bumping into upper portion of their bearish rising wedges.

Surprised the market is discounting the Japan nuclear situation so much, almost to the point that it's not even happening. And we just confirmation that the threat level has been raised to Level 7, same as Chernobyl. As well as reports of Yellow Rain in Tokyo, which also happened in Chernobyl shortly after the explosions. It should be a very interesting weekend of events to say the least.

Yellow Rain article: http://theintelhub.com/2011/03/24/yellow-rain-falls-in-tokyo/