Market Outlook RUT for Oct 3rd '07

Dominant TF: 60mins
Swings: UP-UP-DN
Market direction: mildly UP. New target: 843.

60mins: mildly UP to UP
AdStoK is certainly very bullish but also very overbought! Lines may not cross again, so one has to wait for a down gradient first. RUT has hit XOP (~832)yesterday so could calm down a bit today.
Note that MM levels have now changed to align to daily ones, i.e. strong MM resistance level at 875.

Daily: Mildly UP to UP.
AdStoK is still bullish and should carry on its bumpy ride to higher levels now that the key 812.50 level is behind us.
The next levels are 829 (still valid, but minor), 843 (stronger) then 860 and ultimately 875.

Weekly: mildly UP to UP
Entropy and AdStoK now show more clear the way up to 843 over the next few weeks. The Swing indicator should turn around any time now. It has so far been a good representation of the hesitations we've had in lower time frames.
Note that AutoFib has detected a possible pattern with a first target at 852, i.e. close to July highs.