Bottom Line On The Market

March 19, 2007
Tim Ord, Editor 16928 Van Dorn Street Walton, Nebraska 68461
www.ord-oracle.com (402) 486-0362
"Timer Digest" Tim Ord ranked #5 for 6 months ending 10/6/06 and #1 in Gold for one year ending 1/13/06.
For 30 to 90 days horizons: Short SPX on 11/27/06 at 1381.95. Short a ½ position in the Nasdaq on 11/2/06 and on 1/3/07 for an average short at 2378.59.
Monitoring purposes XAU: Flat XAU.
Longer Term Trend monitoring purposes: Short SPX On 3/21/06 at 1297.23.
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New Book release called "Master Traders" with Tim Ord on "The Secret Science Of Price and volume. We will autograph the book in the wording you chose if bought through The Ord Oracle. Our price $50 total including shipping.
Spy Market:

The bigger trend is down and we are expecting and intermediate term decline to take the SPX down to near the 1140 range. For short term there appears a bounce developing that may take the SPY up to resistance near the 144.2 range. Over the last couple of weeks the SPY tested the “Selling Climax Day” low several times and closed above it on lighter volume which is a short term bullish signal. If market cannot take out the previous low with volume, it will reverse and try to take out the previous resistance. The previous resistance lies at the gap level near the 144.20 range, which equates to 1442 on the SPX. It is doubtful the market will get through the gap level as volume will have to be better then 250 million shares as the gap is tested to get through it. Therefore most likely the gap will be tested on lighter volume and becomes resistance. If the gap level is tested on lighter volume then that would be a good place to add to short positions. We are short the SPX at 1381.95.

Nasdaq 100 market:
Below is the daily Nasdaq 100, (QQQQ). The Nasdaq 100 may be drawing a “Double Head and Shoulders Top”. The “Right Shoulder” has not formed yet but we are expecting a rally back to test the gap level near the 44.5 range which is where the “Right Shoulder” is expect to start forming. A “Sign of Weakness” and a “Break away Gap” form on 2/27 and that is a very bearish combination on the bigger time frames. We do not expect the market to rally past the gap level at the 44.50 range in that volume on that day came in at 318 million shares. To get through the gap, volume would need to be at least 318 million shares and it is unlikely that will occur. We are expecting a bounce to the gap level most likely on lighter volume which in turn will form resistance and likely wise will start forming the “Right Shoulder”. Most “Double Head and Shoulders” are symmetric in time. The “Left Shoulder” took three weeks to form and therefore, the “Right Shoulder” also may take three weeks to complete. Also volume should be lighter back up to the gap level near 44.50 then the decline down from the gap level. If volume is lighter on the way back up then that will create confidence that the gap will hold and that a “Right Shoulder” is forming and the market is making an intermediate term top. We hold an average short position on the Nasdaq at 2378.59. Our downside target on the Nasdaq is near the 1900 level.

Bought Ivan (Invanhoe Energy) 4/13/06 at 2.55,Energy stock. Could go to Gap area (November 2003) near 5.40. On 4/2, we Bought ASTM at 1.92, Biotech group. Bought GNBT at 1.74 on 7/10/06, sold on 10/17 at 2.15 for 24% gain. biotech. Bought ARIA at 3.89 on 7/27/06, Pharmaceutical, sold 9/29/06 at 4.51 for 16% gain.

Gold Market:
Below is the Market Vectors Gold Miners (GDX). GDX is a good substitute for the XAU however, GDX shows volume and the XAU does not and volume is a very important component in our analysis. In the February decline Ord-Volume came in at 1.0m which is 33% high and shows 33% more energy then the previous up leg going into the February high which had Ord-Volume of .67m. The leg with the highest energy is the true direction of the market and in this case the down leg had more energy. A possible “B” wave up of an ABC leg down is forming now. The “B” wave could rally to the gap level near the 41.50 range before heading lower. The “B” leg does not have to get to the gap but it could and the Gap has huge volume so it’s unlikely GDX will rally past the gap. Our downside target is still the 32 range on GDX which equates to 115 on the XAU. The May time frame is the anniversary of last years high and anniversary of previous important highs and lows can mark important turns in the future. Our thinking at this point in time is that an important low may form in May and GDX may hit the 32 range. Our target for the next major low in the XAU is near the 115 range on the XAU due in May. We are neutral on the XAU for now.”

"Timer Digest" has ranked Tim Ord as the #1 gold timer for one year ending 1/13/06.
We bought PMU (5/27/05) at .50 and bring our average price to .81. Long TRE at 2.55 on 11/1/05, sold at 3.39 on 12/3/05 for 33% gain. Long NG at 8.47 on 11/2/05. Sold NG on 11/30 at 9.20 for gain of 9%. Long DROOY at 1.27 on 11/9/05, Sold 1/19/06 at 1.89 for 49% gain. Long AGT at .33 on 2/1/06, Sold at .66 on 4/21/06 for 100% gain. Long TRE at 6.84 on 3/6/06, sold 9/13 at 5.19 for loss 24% We bought TGB at 1.84 on 3/27, Sold on 8/10 at 2.34 for 27% gain. GRZ, bought at 6.30 on 5/19/06, sold 9/13 at 4.30 for loss of 32%.
We doubled our positions in BGO on (7/30/04) at 2.34 and we now have an average price at 2.70. Long NXG average of 2.26. We bought PMU (5/27/05) at .50 and bring our average price to .81. Bought RNO on 9/11/06 at 2.15. Sold 9/12 at 2.18 for 2.3% gain. For examples in how "Ord-Volume" works, visit www.ord-oracle.com.

email: tim@ord-oracle.com

visit my website at www.marketweb.com/ord

Tim Ord, The Ord Oracle
17300 Van Dorn Street
Walton, NE 68461
(402) 486- 0362

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