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The Ord Oracle 12/17/04


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#1 TTHQ Staff

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Posted 17 December 2004 - 11:20 AM

*Interview with Ike Iossif on December 9 http://marketviews.tv/freeservices/archives1/Guests/Ord/pg1.htm

**Interviewwith Leo Leydon For December 6 http://financialfocusadvisoryservices.com/radio.html-click archive.

"TimerDigest" has Tim Ordranked #4 on returns for the S&P for one year, #3 for 6 month and #2 for 3 monthsending 11/12/04. "Timer Digest"has ranked Tim Ord as the top gold timerfor the last 12 months ending 11/12/04.

For 30 to 90 days horizon: Sold long SPX (12/10/04) at 1188.00for gain of 8.5%.  Long SPX (10/25/04) at1094.46.  Sold long Nasdaq (12/10/04) at2128.07 for gain of 8.93%. LongNasdaq (10/21/04) at 1953.62.

For monitoring purposes: Long XAU, 87.96 on4/21/04.

Longer Term Trend monitoring purposes: Long SPX on 8/19/04 at 1091.23

We have"800" phone update that cost $2.00 a min. and billed to a credit card.  Call (1-970-224-3981) for sign up. We updateEastern time at 9:45; 11:30; 1:30; 3:30 and 4:00. Question? Call me (402) 486-0362.

What to expect now.

Weturned neutral on the market last Friday. On today's decline the NYSE McClellan Summationindex turned back down and implies the short term trend has turn back down.  The first support comes in near the 1190 range andbelow that the 1170 range.  The MACD and ADXboth have turned down and suggest the market up-trend has ended for the short term and aconsolidation phase is underway.  We will bekeying of the Summation index next up-turn on the next long position.  For now we are flat the S&P.  

Friday(12/10/04), we sent out a special intraday report, We sold 1/2 (12/10/04) ISON at 4.33(8.25% gain) and have a stop on the remaining 1/2 at 4.00.  This stock had big volume on  today'srally and a bullish sign.  Sold 1/2 (12/10/04)eght at 4.20 (60% gain) and have stop on remaining 1/2 position at 3.50. This stock alsohad big volume today to the upside and bullish.

Nasdaq Composite:

The Nasdaqdeclined 40 points on December 7 on big volume of 2.61 billion shares and is called a"Sign of Weakness". A "Sign of Weakness" right after a short term highis a bearish sign and warns that a potential short term high may be forming.  Yesterday the Nasdaq tested the previous high ofDecember 3 and was unable to close above that high and suggest the up-trend may be ending.  However, volume on the test was near equal andsuggest after the potential pull back the market will head higher again.  The test of the December 3 high does imply is thatthe Nasdaq may test the previous low set on December 9 near the 2100 range.  Today's decline on the Nasdaq came on increasedvolume and implies the energy for the moment is to the downside.  We will watch the 2100 area for a potentialbullish re-test and a potential buy signal. The Bigger trend is up and if the pull backdoes materialize near term  we would look tore-establish a long position.  For now we arestaying flat the Nasdaq.

TheSuperHornets v2.0 Performance History was just updated to include its April trades. Thesystem was off to an undesirable start but recovered very well during the recent downtrendin the market returning our subscribers at rate of 165%per annum with NO LEVERAGE. You addleverage and the yield becomes phenomenal. Buy and Hold strategy is also included forcomparison. Click here to see the trade by trade detail: http://www.hamzeianalytics.com/SuperHornets_v20_Perf_Hist.asp

 GOLD Market:

"Timer Digest" hasranked Tim Ord as the top gold timer for the last 12 months ending 11/12/04.

On Tuesdaycommentary, we said the following and for the moment we see no reason to change from thisview, "On the XAU, appears a possible "Right Shoulder" is in developmentand may last into late January of 2005.  Thispotential "Right Shoulder" should find support near 96 and resistance near 110area.  Therefore the XAU may be in aconsolidation phase for several more weeks. We ultimately expect the XAU will head to the150 range and possibly to 180 range.  Sincethe decline from the January 2004 at 113 area down to May 10 low near 77 appears to be a"last Point of Support" then the next phase that the XAU market should lead intois a "Buying Climax" which is still at least 6 months away." 

For examples in how"Ord-Volume" works, visit www.ord-oracle.com.  The Ord-volume Software will make a greatChristmas Gift.

We double our positions in BGO on (7/30/04) at 2.34 and we now have an average price at2.70. BGO appears to have started the next impulse wave to the 4.00 range.  Long CBJ for an average of price of 2.89.  CBJ appears ready to break the resistance bandnear 3.15 to 3.30 areas.  Long NXG average of2.26.  NXG is on a buy signal on the monthlychart that was triggered in May.  We doubledour position in GSS on  (7/30/04) at 4.04 andwe have an average price of 5.24. Long PMU at average 1.12.

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Tim Ord
email me at: tim@ord-oracle.com
website link: www.ord-oracle.com

Mr. Ord is president, editor and publisher of "The Ord Oracle" that wasestablished in 1990 as a Monday through Thursday email report that trades the S&P,Nasdaq and gold issues.

Tim Ord earned a Bachelor of Science degree as a Mathematics teacher from the Universityof Nebraska in 1973. He become a Stockbroker in 1977 and worked his way up to VicePresident and Senior Option Principal in 1981.

In 1988, using his own account, he place fourth nationally in the option division in"The United States Trading Championship". He has written several articles thatwhere published in the "Stock and Commodities Magazine". His first articleappeared back in June 1991 where he introduced a new trading method using the N.Y.S.E.tick index. Now a contributing editor of Technical Analysis of Stocks and CommoditiesMagazine, he presented this new technical trading tool using the N.Y.S.E. tick indexcalled “uptick” and “downticks”. This tick index method is now usedworldwide by short term traders, and was published in a recent article in "Stock andCommodities Magazine" (5/2004). This method was derived from the works of RichardWyckoff, a gentleman who did extensive study with price and volume back in the 1930's. Mr.Ord expanded and simplified his studies, and was one of the speakers on technical analysisat the Dow Jones Telerate Seminars in Las Vegas in 1995.

Tim Ord has over 25 years in trading experience, having traded the OEX index options sincetheir inception in the early 1980’s, and is frequently a guest on financial ratioshows from coast to coast, and is f requently listed in the top 10 market timers in thecountry by "Timer Digest" (Ranks market letters by performance), in 2002,Schreiner Capital Co. placed Mr. Ord 9 out of over 300 money managers in performance. In1988 he entered The United States Trading Championship competition in the option divisionusing his own account and placed fourth nationally. Timer Digest (203) 629-3503 had rankedThe Ord Oracle #3 in performance for 1999.

His market opinions are featured regularly on Reuters America along with weekly on WCIU TVin Chicago and biweekly on TFNN radio.


A subscription to “THE ORD ORACLE” email and fax update includes:

* Four faxes a week, sent each week after the market close
* The Ord Oracle’s fax recommendations.

Prices:

* 1 year, only $US 750
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Tim Ord, Editor
17300 Van Dorn Street
Walton, Nebraska 68461
(402) 486-0362
Fax (402)-486-0390

http://www.ord-oracle.com
tim@ord-oracle.com