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 10/15/07 at 1548.71, covered 10/23
at 1519.59 for gain of 1.88%.
Monitoring purposes XAU: Flat.
Long Term Trend monitor purposes: Flat
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card. Call (1-970-224-3981) for sign up. We update Eastern time at 9:45 and
3:15. 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:
The chart is the SPX. The bigger picture shows the possibility that the SPX
may be forming a bullish “Head and Shoulders Bottom” (see chart above). Right
and Left shoulders are normally symmetric, if the left shoulder has two humps so
will the right shoulder. Right now the SPX may be forming the first “Hump” of a
two “hump” Right shoulder. Resistance may from near the swing high of 10/17
near the 1550 range. If that area is tested on lighter volume then that should
provide resistance and a possible sell signal. To help confirm this setup the
McClellan Summation should show weakness if not turn down. The FOMC meeting
starts tomorrow and runs to Wednesday with an announcement at 1:15 Eastern and
be the time the market switches direction. We will watch of this potential
signal near the 1550 range. We closed out our short SPX position last week for a
1.88% gain and are now flat.
Above is the McClellan Summation index for the SPX. The McClellan Summation
index turned down 10/15 and triggered a sell signal by that method and is the
day we shorted the SPX. The SPX McClellan Summation index turned up Friday and
today’s Advance/Decline line is positive and keeps the Summation index heading
higher and a short term bullish sign. If the Advance/Decline line becomes
negative, this condition will turn down the Summation index and will be bearish
for the market and create a bearish signal by this method. Therefore we will
be paying close action for this condition. We will be watching the 10/17 high
near 1550 range for a possible re-test of that high on lighter volume. If the
Summation index turns down after the 1550 test will generate a sell signal. We
are 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.
LTS long at 2.01 on 9/19/07, stop 1.79.
Gold Market:
Above is the McClellan Oscillator index for the HUI (forth window down from
top) and HUI chart in top window. Over the last several weeks, a bearish
divergence has developed between HUI and McClellan Oscillator. Going into the
recent high (chart above0 the HUI has made higher highs and the Oscillator made
lower high which shows there are less issues carrying the market higher and a
bearish sign. On the last pull back in the HUI index the HUI made a higher low
as the Oscillator made a lower low and shows there are more issues are starting
to turn down. Good support on the HUI comes in near the previous highs which is
the 365 range and that translate to 160 to 150 range on the XAU. We plan to go
long the XAU on the next buy signal. We did lighten up on some of our gold
stocks recently and plan to add new positions on the next buy signal on the XAU.
We are holding NXG, recent purchase at 3.26. Today’s action on NXG suggests
impulse wave up has started. Silver commercials remain at the bullish level and
CDE is a silver stock and will be keeping this issue for now.
Bought TRE at 4.93 on 8/1/07 sold 10/1/07 at 5.85 for 19% gain. Bought CDE at
4.08 on 7/10/07. Bought UXG at 5.17 on 6/25/07 and sold 10/1/07 at 6.17 for 19%
gain. Bought NXG at 3.26 on 6/4/07. Bought PLM at 3.73 on 6/1/07. Sold PLM on
10/10/07 at 3.75 for modest gain. 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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