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: Long SPX on 8/2/07 at 1472.20. Sold 8/27/07 at
1466.79 for less ½%.
Monitoring purposes XAU: Long XAU on 6/1/07 at 142.42.
Longer Term Trend monitoring purposes: Long SPX on 7/12/07 at 1547.70.
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.
SPX market:
First, the short term picture. The SPY ran into resistance at the 8/17 high
near 148 on lighter volume on Friday and a short term bearish sign. Also the
McClellan Oscillator reached +232.71 on Friday and help to confirm the
intermediate term up trend but a Oscillator reading this high is bearish for the
short term because it’s very overbought. If a market can’t rally through
resistance (8/17 high) with a “Sign of Strength” then it will reverse and
attempt to take out previous low. The previous low is the 8/16 low near the
1370 range and is our downside target in the weeks to come. The 1370 range is
tested on lighter volume and closes above 1370, then it will generated a bullish
intermediate term signal. Near term the market may back and fill and test the
8/17 highs again before the market makes an attempt to head to the 8/16 low and
complete the bottoming process.
On Thursday’s report we said, “A sign of capitulation in the market is when
the McClellan Oscillator reaches below -300 and warns the market is approaching
a low. The McClellan Oscillator reached -344 in late July. Bottoms form in
the NYSE when the Summation index falls below -750 and turns up. Currently the
Summation index did turn up from below -2000 and a very bullish sign that the
market is making a bottom. Addition confirmation for a bottom will be made
when McClellan Oscillator reaches +200 or better, which shows the advance
decline has energy to the upside.” The third element for the bottoms process
has been completed. The Oscillator reached +232.71 on Friday and shows good
force to the upside. Though this is a bullish intermediate term sign for the
market, short term it implies an overbought situation and the market may start a
pull for near term. After the near term pull back is completed, the market
should start an intermediate term advance and rally into year end. Because a
“Selling climax” occurred on 8/16 at the 1370 range and most “Selling climax”
lows are tested, this potential pull back may test the 8/16 low near 1370 range
again. Remember also that VTO (mentioned in 8/22 report) is a bullish
intermediate term level. For monitoring purposes, we went neutral on SPX on
today’s close at 1466.79 for less then ½% loss. We may establish a long
position in the SPX and Nasdaq on a test of last 8/16 low.
We are watching some stocks that appear to about to start an up leg. Two we are
looking closely at are EGHT and LTS. LTS is a bank stock and there have been
inside buying going on a couple of months ago. It may have hit bottom near 1.50
range. EGHT we have traded before and look like it’s at the end of a triangle
pattern. We will keep you posted.
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.
Gold Market:
Above is the longer term chart of the HUI (Gold Bugs Index) with it’s graphs
of McClellan Summation index (second graph down from top); Cumulative
advance/decline line (Third down from top); “Stocks above 200 day moving
Average” (middle graph) (courtesy of
www.sentimentrader.com ). Good buying for the longer term picture occur
when “Stocks above 200 day moving Average” fall below 20%, which is happening
now. Also notice on the chart above, is the “Cumulative advance/Decline line”
has been trending higher since late 2005. This is the type of condition found
in bull markets. Therefore, the market is very oversold ( stocks above 200 day
MA below 20%) and advance/decline line mover higher suggest the major trend is
up. There was a “Selling Climax” at the 8/16 low near 120 range on the XAU and
there is a possible test of that low before the market heads higher. We are
staying long the XAU at 142.42.
"Timer Digest" has ranked Tim Ord as the #1 gold timer for one year ending
1/13/06.
Bought TRE at 4.93 on 8/1/07. Bought CDE at 4.08 on 7/10/07. 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 KGC on (7/30/04) at 5.26 and we now have an average price at
6.07.
Long NXG average of 2.26. 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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