The Ord Oracle

December 3, 2007

And The All New Market Analysis

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 11/28/07 at 1469.02.
Monitoring purposes XAU: Flat.
Long Term Trend monitor purposes: Flat
Sector Watch: Long Healthcare (XLV) at 36.35 on 11/28/07
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S&P Market:

We are on an intermediate term buy signal on the SPX. However for short term a pull back may start. The chart above is the S&P 500 SPDRs (SPY). A Head and Shoulder bottom pattern may be forming for short term and a pull back to fill the gap near 144 range on the SPY may complete the “Right Shoulder”. The SPY formed a “Break away” gap on 11/28 and is a bullish development. Small gaps can be left “unfilled” but large gaps (which formed on 11/28) are usually filled. The potential short term pull back does not change the bigger bullish picture. If the expected pull back does form then the SPY should find support near the gap level at the 144 range. If this gap is tested on lighter volume, then that would create a bullish signal and would be a good place to add to the SPX long position. This potential Head and Shoulder bottom has an upside target to the high in October near the 157.5 range on the SPY and 1575 range on the SPX. We are long the SPX at 1469.02.

The chart above is the NYSE McClellan Oscillator and Summation index from Friday’s close. Normally when the Summation index is heading higher so is the market and vice versa. Readings below -500 on the Summation index imply the NYSE is oversold and in an area where intermediate term lows usually form. The lowest reading on the Summation index came on 11/27 at -1414.81 and in a much oversold level. On 11/28 the Summation index turn up from below -500 and is a bullish trigger for the SPX. There could be some backing and filling for near term, but in general the market should work higher. To confirm the uptrend we like to see the McClellan Oscillator reach +150 range on higher to show initiation of the rally phase. The highest reading recorded so far came in at 133.75 and near the desired level. The picture is intermediate term bullish.

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. Long Healthcare sector (XLV) at 36.35 on 11/28/07.

Market usually follow the direction of the McClellan Summation index. Right now the Gold Miners (GDX) McClellan Summation index is heading down which in turn implies GDX is still in a downtrend. Support comes in near the previous highs which is near the 43 range on GDX. The 43 range on GDX is near the 160 range on the XAU. Most likely the XAU will find support near 160 range and a possible buy signal could get triggered and start the next major impulse wave up. We are watching PLM, RBY and TRE.
We are holding NXG, recent purchase at 3.26. Recent 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

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

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