*Interview with Ike Iossif on December 9
**Interview with Leo Leydon For December 20
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For 30 to 90 days horizon: Per intraday report on Friday, Sold long SPX (12/10/04) at1188.00 for gain of 8.5% and now flat. [/font]LongSPX (10/25/04) at 1094.46. Sold long Nasdaq(12/10/04) at 2128.07 for gain of 8.93% and now flat.
Longer Term Trend monitoring purposes
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What to expect now: [/font]
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We have included a graph of the weekly S&P 600 small cap index (courtesy of
[font="Verdana"]To learn more on"Ord-Volume" please visit www.ord-oracle.com.
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[font="Verdana"]Nasdaq Composite:[/font]
The Nasdaq made a higher high and the Summation index made a lower high and is a negativedivergence. Support comes in near the 2100level down to 2050 level. We would like tosee the Nasdaq pull back this week and next on light volume as this would have a bullishoutcome. Light volume pullbacks arebullish. We may end up with a bullishsignal near the 2100 level. Sold long Nasdaq(12/10/04) at 2128.07 for gain of 8.93%.
GOLD Market:
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"Timer Digest" has ranked Tim Ord as the [/font]
[font="Verdana"]The XAU may be building a "Right Shoulder" ofa "Head and Shoulder Bottom" where the "Head" is the May 10 low nearthe 77 level. [/font]The "Left Shoulder"and "Right Shoulder" are usually near equal in magnitude and duration.
[font="Verdana"]We double our positions in BGO on (7/30/04) at 2.34 andwe now have an average price at 2.70. Long CBJ for an average of price of 2.89. Long NXGaverage of 2.26. We doubled our position in GSS on [/font](7/30/04)at 4.04 and we have an average price of 5.24. Gss is not acting well for the moment.
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[font="Verdana"]The McClellan Oscillator closed today's at +12 and isneutral.
The “Percent Volume” Indicator closed at .54 and neutral.
“Five day ARMS” indicator closed at 4.77 and neutral territory.
Conclusion: Per intraday report on Friday (12/10/04), Sold long SPX (12/10/04) at 1188.00for gain of 8.5% and now flat. [/font]Long SPX(10/25/04) at 1094.46.
[font="Verdana"]Longer Term Trend: Long SPX on 8/19/04 at 1091.23.
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[font="Verdana"]We will be travelling Thursday and no report will beposted for that day. [/font]Next report will comeMonday December 27. Have a Happy and MerryChristmas. All the Best, Tim Ord
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.
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