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The Ord Oracle 11/25/4


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#1 TTHQ Staff

TTHQ Staff

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Posted 25 November 2004 - 11:00 AM





*Interview with IkeIossif on October 28 http://marketviews.tv/freeservices/archives1/Guests/Ord/pg1.htm
**Interviewwith Leo Leydon For November 24 http://financialfocusadvisoryservices.com/radio.html-click archive.
"TimerDigest" hasTim Ord ranked #4 on returns for the S&P for one year, #3 for 6 month and #2 for 3months ending 11/12/04.
"Timer Digest" hasranked 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) at1953.62.
For monitoringpurposes: Long XAU, 87.96on 4/21/04. "
Longer Term Trend monitoring purposes
: Long SPX on8/19/04 at 1091.23

What to expect now:


On Monday's report, we pointed out and an interesting statistic, the trading day beforeThanksgiving the market is up 82% of the time.  Theday after Thanksgiving, the market is up 88% of the time.  Today prediction came to fruition and that leaves Friday to fulfill it'sprediction.  We said also on Monday's report,"What will not be liked is the day before Thanksgiving and the day after will mostlike be light volume days and light volume rallies are bearish. 
Therefore if the markets do rally on light volumeWednesday and Friday, then most likely the current consolidation may head into the weekafter Thanksgiving."  Support is liesnear the 1160 range. It starting to look like that the 1160 range will hold as support andthe consolidation will be more of a sideways affair.  Once the consolidation is complete, we are expecting the rally to continueinto the new year.  We are watching ISON for apurchase at a lower level.  We are stayinglong 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 sold11/11/04 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 possibly8.00. Long INGP on 10/7 at 5.22, sold at 6.28 on 11/18 for 20% gain. 



Nasdaq Composite:

We have a line drawn with an arrow pointed to it that is labeled "Support" nearthe 2060 level on the Nasdaq chart. Thisline of support comes from the highs of 4/26 and 6/30. Previous highs act as support.  TheNasdaq tested this line of support on Monday and bounce off, which imply that there isactual support at the 2060 level. Nextweek the Nasdaq may test the 2060 level again and if the market tests this area on lightervolume then that may mark the end of the consolidation. Because if the market can't get through the 2060 level then it will try and takeoutthe previous high which is 11/18 high near the 2112 area. Therefore, we may see another test of the 2060 range in a week or so beforestarting the next impulse wave up.  We arelong the Nasdaq (10/21) at 1953.62. 


GOLD Market:

"TimerDigest" has ranked Tim Ord as the top goldtimer for the last 12 months ending 11/12/04.
We haveincluded an Ord-Volume chart of the XAU on the last page of this report.  Ord-volume calculates the average volume betweenswings.  The highest volume goes in thedirection of the true trend.  In other wordsif volume is higher on the up swings then the down swings then the trend is up and viseversa.  You can see on the current swing thatthe Ord-Volume over doubled compared to the previous swing in the August and September.  This tells us that the upside force is increasingand becoming more bullish.  Our upsidetargets remain 150 to 180 area on the XAU. We double ourpositions in BGO on (7/30/04) at 2.34 and we now have an average price at 2.70. Long CBJfor an average of price of 2.89.  CBJ is on amonthly buy signal from the May low.  Long NXGaverage 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 of5.24.  GSS could be creating a Right Shoulderof a Head and Shoulders bottom where the Left Shoulder is the 5/10 low at the 3.85 leveland the Head is at the July and early August low at 3.66 range. Long PMU at average 1.12.





TheMcClellan Oscillator closed today's at +69 and neutral.
The“Percent Volume” Indicator closed at .53 and neutral.
Five day ARMS” indicator closed at 5.53 and neutral territory.
C
onclusion:Long SPX at 1094.8 on 10/25/04.  Long Nasdaq1953.62 on 10/21/04.
LongerTerm Trend: Long SPX on 8/19/04 at 1091.23.