The Ord Oracle

December 10, 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. The chart above is the S&P 500 SPDRs (SPY). On a short term note the market is extended and a pull back can start at any time. Today the SPY tested the previous high of 11/7 on lighter volume and a short term negative sign. Also tomorrow is the FOMC meeting and can produce short term volatility in the markets. First support comes in near 147 range on SPY (1470 SPX) and next support down is 144 level (1440 SPX) which is where a bullish Break Away Gap formed. If the 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. Our minimum upside target is 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.

To get a buy signal on the NYSE using the NYSE McClellan Summation index, first the Summation index must trade below -500 (to indicate an oversold condition) and then turn up. On the first rally off the low after the Summation index turns up from below -500, the Oscillator must reach +170 or higher. The +170 or higher reading on the Oscillator proves initiation to the upside. Notice that the Summation index reached near -1500 on the recent low and has turned up. Also on the rally form that low the Oscillator reached +215 and confirms the bottom. Normally when the McClellan Oscillator reaches past +170, the market on a short term basis is extended and short term consolidation can form. Sometimes these short term consolidation can be very mild or retrace a big chuck of the previous rally (like in June 2006). Either minor or larger retracement, the rally should resume once the retracement is completed. Look for an ARMS index close of over 1.60 to show retracement may have been completed. Our minimum upside target is the previous high in October near the 1575 range on the SPX. Also XLV McClellan Summation index recently has had a bullish crossover and has triggered a buy signal by that method. Reminder the FOMC meeting is this week and may produce short term volatility in the markets.
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.

Above is the Gold Miners index (GDX), courtesy of www.ETFinvestmentoutlook.com. Markets usually follow the direction of the McClellan Summation index and 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 at the previous highs which are near the 43 range on GDX, which equates to the 160 range on the XAU. We are very bullish on the bigger timeframes for the XAU and have a longer term target to the 250 to 300 range. However near term the XAU may wiggle lower and most likely find support near 160 range where a possible buy signal could get triggered. We are watching PLM, RBY and TRE.
We are holding NXG, recent purchase at 3.26, has support near 2.80 range. We are also holding CDE (long at 4.08, support near 3.90).
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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