The Ord Oracle December 03/04
by Tim Ord
December 03/04
*Interview with Ike Iossif on October 28 http://marketviews.tv/freeservices/archives1/Guests/Ord/pg1.htm
**Interview
with Leo Leydon For November 29 http://financialfocusadvisoryservices.com/radio.html
-click archive.
"Timer Digest" has Tim Ord
ranked #4 on returns for the S&P for one year, #3 for 6 month and
#2 for 3 months ending 11/12/04. "Timer
Digest" has ranked Tim Ord as the top gold timer for
the last 12 months ending 11/12/04.
For 30 to 90 days horizon: Long SPX (10/25/04) at 1094.46.
Long Nasdaq (10/21/04) at 1953.62.
For monitoring purposes: Long XAU, 87.96 on 4/21/04.
Longer Term Trend monitoring purposes: Long SPX on 8/19/04 at 1091.23
What to expect now:
Early today we sent out an intra-day report that said, "It appears
the consolidation has ended on the S&P and Nasdaq and the next impulse
wave up has started. Our Next upside resistance zone is 1275 to 1315 on
the S&P and 2300 area on the Nasdaq."
Today the S&P "Jumped" above the recent trading range dating
back to 11/12 with a "Sign Of Strength" on increased volume and implies
a valid break to the upside. The high on the recent trading range (which
is the 1188 area) should now act as support. Our next upside target range is the 1275
to 1315 areas. Enjoy the
ride. We
are staying long the SPX that was bought on 10/25/04 at 1094.23.
To learn more on "Ord-Volume" please visit www.ord-oracle.com.
Long (9/22/04) NEXM at 1.33. Long (11/12/04) EVOL at
3.60. Long LU at 3.45and
sold 11/11/04 at 3.83 for 11% gain. We hold HPC at 13.73. We bought
EGHT at 2.62. Next rally
should go to at least 6.00 too possibly 8.00. Long INGP on 10/7 at 5.22,
sold at 6.28 on 11/18 for 20% gain.
Nasdaq Composite:
The Nasdaq also "Jumped" above the recent trading range highs with a
"Sign of Strength" and suggest a valid break to the upside.
The next resistance zone is the January highs near the 2150
range but it appears we will exceed that and head to the high set back
in May of 2001 near the 2300 area.
There is also an ABC target near the 2275 area and helps to support
the idea of the 2300 range as a resistance zone.
The next targeted zone of 2300 level may stop the rally that began
at the August low and start a consolidation of a bigger degree and that
could last a couple of months. We are staying long the Nasdaq (10/21)
at 1953.62.
GOLD Market:
"Timer Digest"
has ranked Tim Ord as the top gold timer for
the last 12 months ending 11/12/04.
Monday's commentary still appears to be right on the money, "On the recent
rally to current levels the XAU jumped above the previous highs set back
on 2/17 and 4/1 near the 106. The
106 area should not act as support on any pull back.
The highs of December of 03 and January of 04 near the 113 level
for the moment is the resistance zone.
Volume has been picking up since the May low near the 77 level
and we expect this trend to continue. We
expect the 113 barrier to be broke soon and head to the next resistance
zone at the 150 range. We think however the 150 range will be
temporally exceeded and possible hit the 180 range and end the bull market
that began near the 42 range back in October of 2000. Our upside targets remain 150 to
180 on the XAU."
We double our positions in BGO on (7/30/04) at 2.34 and we now have an
average price at 2.70. Long CBJ for an average of price of 2.89.
CBJ is on a monthly buy signal from the May low.
Long NXG average of 2.26. NXG is on a buy signal on the monthly
chart that was triggered in May.
We doubled our position in GSS on
(7/30/04) at 4.04 and we have an average price of 5.24. GSS could be creating a Right Shoulder
of a Head and Shoulders bottom where the Left Shoulder is the 5/10 low
at the 3.85 level and the Head is at the July and early August low at
3.66 range. Long PMU at average 1.12.
The McClellan Oscillator closed today's at +21 and neutral.
The “Percent Volume” Indicator closed at .59and neutral.
“Five day ARMS” indicator closed at 4.55 and neutral territory.
Conclusion: Long SPX at 1094.8 on 10/25/04.
Long Nasdaq 1953.62 on 10/21/04.
Longer
Term Trend: Long SPX on 8/19/04 at 1091.23.
Tim Ord
ord-oracle.com
17300 Van Dom Street
Walton, Nebraska 68461
402 486 0362