"Timer Digest" has Tim Ord ranked #5 for one year ending 6/3/05 and #1 in Gold for one year ending 1/13/06.
For 30 to 90 days horizon: Sold long Nasdaq position on 9/1/06 at 2193.88 for gain of 3.9%. Long Nasdaq on 6/28 at 2111.84. Sold Long SPX position on 9/1/06 at 1311. 01 for gain of 3%. Long SPX on 6/29 at 1272.87.
Monitoring purposes XAU: Long XAU, 129.56 on 12/29/05.
Longer Term Trend monitoring purposes: Short SPX On 3/21/06 at 1297.23.
Workshop “Secrets of Profiting From Price and Volume” Denver, November 4 & 5. Click on www.ord-oracle.com.
What to expect now:
The SPX chart is displayed in the “Ord-Volume” format. On the recent rally form the mid August low the “Average Volume” decreased compared to the same price zone from the May high decline. This condition shows that there were more energy to the downside in this price zone then the upside rally that began in mid August and a bearish development. For a rally to continue, volume should gradually increase. When volume shrinks as prices rally the top is not far off. We sold our long SPX position on Friday for a 3% gain. We don’t have any new signals yet and therefore we are staying flat for now.
Bought GNBT at 1.74 on 7/10/06, biotech.
Bought Ivan (Invanhoe Energy) 4/13/06 at 2.55. Energy stock. Could go to Gap area (November 2003) near 5.40. We Bought ASTM at 1.92 on April 3. Biotech group. Bought ARIA at 3.89 on 7/27/06, Pharmaceutical.
To learn more on "Ord-Volume" visit www.ord-oracle.com.
Nasdaq Composite:
Below is displayed the Nasdaq chart in the “Ord-Volume format. Notice from the August swing low to current high that “average Volume” came in 1.58 billion shares. Now compare that upswing to the downswing in the current pricing that occurred back form early July swing high to mid July swing low. You will notice that “Average volume” (Ord-Volume) was much less and showed the energy to the upside was less compared to the previous down swing in the same price range. These conditions showed that the price rise was coming to and end because energy was decreasing on the rally phase. Also notice as the Nasdaq broke the previous July high, volume was much less and a bearish sign. We sold our long position on the Nasdaq on Friday for a 3.9 gain an are now flat. We don’t have any new signals yet and therefore we are staying flat.
"Timer Digest" has ranked Tim Ord as the #1 gold for one year ending 1/13/06.
Gold Market:
We bought PMU (5/27/05) at .50 and bring our average price to .81. Long TRE at 2.55 on 11/1/05, sold at 3.39 on 12/3/05 for 33% gain. Long DROOY at 1.27 on 11/9/05, sold at 1.89 on 1/19/06 for 49% gain. Bought AGT at .33 on 2/1/06, sold at .66 for 100% gain. Long TRE at 6.84 on 3/6/06. Bought GRZ at 6.30 on 5/19/06.
The XAU chart is displayed below, courtesy of www.decisionpoint.com. We are taking a look at the longer term chart of the XAU dating back to 1984. A long term trading range developed that had support at 60 and resistance and 160. The XAU broke the 60 support in 1998 and again in 2000. The XAU reversed back into the trading range by closing above 60 in 2002. This pattern is called a “Shakeout” and is a bullish long term buy signal. If a market cannot hold the lows, then it will reverse and try to take out the previous highs, which in this case it would be the 160 range. Four years later the XAU is back up to the 160 range. Notice that the 160 range is being tested now and is testing the 160 range for the third time.
Previous two tests of the 160 came in 1987 and 1996. When a market tests the previous high the third time the pattern is called “Third time up” and implies the market will break that resistance. To identify the next upside target past 160, one takes the spread between the trading range which is from 60 to 160 which equals 100 points. The 100 point trading range is added onto the previous high and 260 is the next long term upside target. The rally phase should also be much stronger then the ones seen from the 2000 in low in that the “Jumping” of the previous highs should occur with a “Sign of Strength”.
A “SOS” is defined as very high volume and very wide price spread. An “SOS” on the jump of the previous high confirms the breakout. If the jump of the 160 range is not accompanied with an “SOS” then the breakout is in question. In our view, the current rally phase should continue and a “SOS” should be developing now and the XAU should be heading to the next target of 260 range. It is time to be invested in gold issues.
We bought TGB at 1.84 on 3/27, Sold on 8/10 at 2.34 for 27% gain. We bought TRE on 3/6 at 6.84 by intraday email report. We double our positions in BGO on (7/30/04) at 2.34 and we now have an average price at 2.70. Long NXG average of 2.26. We bought PMU (5/27/05) at .50 and bring our average price to .81.
The McClellan Oscillator closed today at +130 and overbought.
The “Percent Volume” Indicator closed .58 and overbought.
The "5 day ARMS" closed today at 5.61 and short term neutral.
Conclusion: Sold Long SPX position on 9/1/06 at 1311. 01 for gain of 3%. Sold long Nasdaq position on 9/1/06 at 2193.88 for gain of 3.9%.
Longer Term Trend monitoring purposes: Short SPX On 3/21/06 at 1297.23.
