Market Outlook NDX for Oct 2nd '07

Dominant TF: Daily
Swings: UP-UP-UP
Market direction: neutral to mildly UP, until 2125 resistance is truly tested. Probable slowdown then.

60mins: mildly up to up, until new resistance level at 2125.
While our outlook was correct, we have been fooled by NDX on 'stall' MM level. NDX will now hit 2125 and we have to now see what comes next. NDX is in an overall very bullish trend, indicating studying higher time frames.

Daily: mildly UP. Possible slowdown on coming resistance, due to extreme overbought situation.
NDX is so strong it could go beyond 2125. Entropy is close to 5 which is a very high level at this time frame, hence a slow down is likely after it peaks. AdStoK is at a crossover point, however one must be cautious is extreme overbought situation and wait for a steeper gradient to leave overbought zone, hence some significant retracement to confirm a slowdown. In the meantime, no visible change in direction ahead.

Weekly: mildly UP to UP
AdStoK lines should soon meet, but significance level is low at this time frame, so this is nothing more than a background information.
One can check for a possible change in dynamics on AdStoK line crossover, which could happen around the much anticipated 2125 level.