The chart pattern suggests an initial target of $1.18 and this is usually followed by a consolidation.

The price target for Nymex Oil is around $120 over the next few weeks.

The current rally is testing the support/resistance level near 2,300. A move above this level is bullish. A retreat away from this level is bearish and confirms the downtrend remains very strong.

The current rally in the Dow is limited. After the index touches 12,600 by the end of January, the rally will lose momentum.

Analysis of the dollar index suggests a significant increase in the dollar index, and in turn, a significant fall in the euro.

Daryl Guppy, CEO of Guppytraders.com, says the euro is unlikely to sustain at the 1.29 level, and will fall back down to the 1.24 level for the new year. He adds that the euro is expected to "go further south" against the Yen as well.

Hong Kong’s Hang Seng Index retains its volatility, but remains in a strong downtrend. A retest of the 2008 lows cannot be excluded.

Our success rate on these calls – where the index or price moved to reach the targets identified in the article – was 70.29 percent

There is continued down pressure on the Euro ST 50. The secular trend is down. Short term opportunities exist to trade rallies and retreats in the context of this downtrend. A retest failure of support near 1,980 has a downside support target near 1,800.

The historical chart shows that there is a support resistance band between $5.70 and $6.00. Once the target is achieved, a move below $5.70 is an exit signal.

The Shanghai Index's long-term target is near 2,760.

Technical analysis suggest downside target for euro-dollar at $1.29.

Over the next few weeks upside for oil is capped between $110 and $115 a barrel.

The 12,600 target for the Dow is achievable in January 2012.

The extreme volatility in Olympus' stock is a warning signal, with simple trading band projection giving a downside target near ¥975 for the stock.

Despite recent bad news, investors have been reluctant to sell out of Apple's stock, suggesting the stock is in a strong and well established trend.

There is a reasonable probability the U.S. dollar index will fall below 74.50 and retest the lower edge of the base of the symmetrical triangle pattern near 72.50. Traders will look for a consolidation pattern to develop between 72.50 and 74.50.