Market Outlook NDX for Oct 5th '07

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

60mins: not much of a change change from yesterday: possible hesitation until new resistance level at 2125.
AdStoK is bullish but uncertainty is visible in the vagaries of the white line. The reason is that after such a strong bull run, NDX has been stopped on the MM stall level, ahead of the (too) expected MM resistance level. NDX will probably try and hit the same stall level then 2125 but we are in a narrower trading range now.

Daily: Neutral. Possible congestion or slowdown on coming resistance, due to extreme overbought situation.
NDX has started to slow down ahead of the strong MM level (2125). Entropy is very high but coming down a bit now, confirming an incipient slowdown. However, it is far too early to detect any major 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.