Bottom Line On The Market

May 14, 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: Flat
Monitoring purposes XAU: Flat XAU.
Longer Term Trend monitoring purposes: Flat.
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Back in April the S&P jumped above the previous highs of February with a “Sign of Strength” and implies a bullish breakout to the upside. The previous highs should at as support on any pull back for near term. Sentiment readings remain very bullish for the long timeframes and imply investors should buy the pull backs. Therefore if there is a bullish setup near the 1460 range, we may go long there. The month of May historically is a weak month and the SPX may stay flat or down for the month and approach the bullish area of 1460 range. Short term the CCI is showing a negative divergence as the SPX worked higher the CCI made lower highs. We will be watching the 1460 range for a bullish setup. Remember the very bullish short interest ratio on the NYSE that we displayed on last Monday that keeps the bigger trend up. Flat the SPX for now.

No report for Tuesday as will be traveling to Texas for a talk. Next report will be Wednesday. Sorry for this inconvenience. All the Best, Tim Ord

Nasdaq 100 ($NDX) market:

In April the NDX jumped above the previous highs of February and now the previous high should at as support on any pull back. The previous high come in near the 1850 range. The NDX rally over the last three weeks was accompanied on lighter volume and shows upside energy was decreasing and a bearish sign for the short term. The longer term sentiment readings (Odd lot short sales and Short interest) are very bullish for the market on the longer term timeframes and suggest the pullbacks should be bought. We will look for a bullish setup near the 1850 range on the NDX. The Month of May, Seasonality wise is usually weak month. We will look for a bullish setup near the 1850 range. Flat for now.

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). On today’s decline volume picked up to the downside and is higher than the previous two lows near the 39 level of early May and late March. This condition suggests that GDX has energy to push through the 39 low and go down to the next support level near 36. The 36 level on GDX equates to 130 range on the XAU and may be the area where the next major impulse wave up starts, providing that the Price Relative to Gold close below .20 range on the weekly timeframe. Going back over seven years, we have found that when Price Relative to Gold closes below .20 on the weekly time frame the XAU is at a major low. Price Relative to Gold has hit .20 on a daily basis but has not hit .20 on the weekly timeframe yet. Once this year long consolidation is completed, we are expecting a major rally to begin that may take the XAU to 250 range. We still remain 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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