New YEAR !! 2012 rally...!

Will it be the "end of the world as we know it?" ..

Probably not !

DAX and FTSE are breaking our of downtrends /triangle formations..Copper close to breaking out of a triangle as well..

DAX has some tough resistance between 6170 and 6400 above 6400 and clear skies above...target 7200

Also Euro pairs look like finding support and with HUGE short positions a rally above key levels may initiate some short covering.  EURJPY looks like a FALLING WEDGE...

So if we get follow through the rally may be LARGE