Market Outlook NDX for Oct 4th '07

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

60mins: possible hesitation until new resistance level at 2125.
AdStoK is very bullish with an undecisive white line following cycles and now going down indicating a pause to minor retracement (strong support at 2094). The reason is that after such a strong bull run, NDX has been stopped onthe MM stall level, ahead of the (too) expected MM resistance level. NDX will besiege and almost certainly conquer 2125 as the overall trend remains up. Note however that significance level is low indicating one should focus on a higher time frame.

Daily: mildly UP. Possible congestion or slowdown on coming resistance, due to extreme overbought situation.
Same situation hence copy/paste from yesterday:
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.