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: Long XAU on 6/1/07 at 142.42.
Longer Term Trend monitoring purposes: Flat.
We have "800" phone update that cost $2.00 a min. and billed to a credit
card. Call (1-970-224-3981) for sign up. We update Eastern time at 9:45; 3:15
and 4:00. Question? Call me (402) 486-0362.
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.
S&P Market:
Above is the Ord-Volume chart of the S&P 500. The bigger trend
is bullish and at some point the market will break through the 2000 high of 1550
range and head higher. However for the short term it appears the sideways
consolidation that started in early June may continue. Measuring the energy in
the up and down legs from the fist of June, you can see the down legs have more
energy then the up legs and suggest the consolidation may continue a bit
longer. Once the down leg energy dissipates, then a rally phase can start.
We don’t have the chart shown, but most worth while rallies start when the Trin
5 reaches 7.5 range or higher. The current reading comes in at the 6.07. A
couple of down days with the daily Trin reaching 1.50 range will get this
indicator is bullish territory. It looks as though the 1485 range on the S&P
may be tested again. We are staying flat the S&P for Now.
Nasdaq Market:
The QQQQ traded above the previous high of 6/20 on about half
the volume. Breakout above previous highs should be accompanied on at least
equal if not higher volume then the previous highs for a confirmed breakout.
Breakouts above previous highs on much less volume then the previous highs
should not be trusted, which is what has occurred on today’s breakout. If the
market fails to hold the recent highs near term, then it may fall back down and
test the recent lows near the 46.75 range. The current pattern that may be
forming could also be a bearish “Rising Wedge”. If this pattern is a “Rising
Wedge” then the test of the low of the “Rising Wedge” would be the downside
target, which is near the low of 6/8 near the 46.25 level. “Rising Wedges” area
not longer term topping patterns but rather a “time out in an uptrend”.
Therefore, once the downside target is met for the “Rising Wedge”, the market
may reverse and start the next rally phase up. We are staying Flat the Nasdaq
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. Bought ARIA
at 3.89 on 7/27/06, Pharmaceutical, sold 9/29/06 at 4.51 for gain of 16%.
Gold Market:
Below is the Put/Call Ratio for the XAU dating back one year (Courtesy of
www.wallstreetcourier.com ).
Readings near 1.70 and higher on the Put/Call ratio for the XAU have produced
intermediate term lows in this market. The chart below shows that the Put/Call
ratio three weeks in a row has hovered above the bullish 1.70 reading and
suggest extreme bearishness and implies a larger rally may follow. The XAU is
at or near and important low and about to start a significant rally according to
the Put/Call ratio for the XAU.
The next chart is the Commitment of Traders report (COT) (courtesy of www.sentimentrader.com ). This report records what the Small Speculator (Dumb Money) and Commercials (Smart Money) are doing. The COT is reported a week late and shows what this group was doing up to June 19. Form the chart you can see that Small Speculator was at a low buy area and where bottoms form on the HUI and the Commercials where in a high buy level (apposite of Small Speculator), also in an area where bottoms form. Therefore, this chart shows that the Commercials are buying and the Small Speculator is selling and a condition that appear in bottoms for the gold issues. There are four occurrences since 2003 that the Small Spec. was at a low buy area and Commercials at a high buy area as the same time. The first occurrence came is 2003 and the rally lasted for nine months. The second occurrence came in 2005 and that rally last one year. The third occurrence came in October 2006 and the rally lasted last six months. Therefore the current occurrence should produce a rally that at least should last six months a possible be pushed to 12 months.
"Timer Digest" has ranked Tim Ord as the #1 gold timer for
one year ending 1/13/06.
Bought UXG at 5.17 on 6/25/07. Bought NXG at 3.26 on 6/4/07. Bought PLM at 3.73
on 6/1/07. We bought PMU (5/27/05) at .50 and bring our average price to .81.
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
OEX Market Recommendations
1-900-933-6733
$2.25 a min.; 1-4 min.; 18 yrs. or older
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