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[TTHQ Staff]

*Interview with Ike Iossif on March 17 http://www.marketviews.tv/freeservices/archives1/Guests/Ord/pg1.htm
"Timer Digest" has Tim Ord ranked #5on returns for the S&P and #2 in Gold for 2004.
For 30 to 90 days horizon: Short SPX on 3/16/05 at 1188.07.
For monitoring purposes: Long XAU, 87.96 on 4/21/04.
Longer Term Trend monitoring purposes: Sold long SPX (3/16/05) at 1188.07(gain of 8.87%) making us flat. Long SPX on 8/19/04 at 1091.23. Top may form in March2005.
Secrets from profiting with Price and Volume.  Learn the trading rules I use that made me #5 in the S&P and #2 inGold in 2004 (By Timer Digest).  April 9 & 10 at the Denver Marriott techCenter.  Click on www.Ord-Oracle.com or Call for sign-up (402)486-0362.




What to expect now:

On the graph above the S&P broke through support near the 1185 range with valid bounceand implies a valid break to the downside.  The previous 1185 support range shouldnow act as resistance on any rally attempt.  The NYSE McClellan Oscillator hasapproached the -300 range and very oversold for the short term.  Readings over -230usually produce a bounce in the market.  Therefore, we are expect a bounce to beginat any time.  The S&P should find resistance near the 1185  to has high as1200 (gap area) before turning back down.   Volume has been picking up to thedownside and is a bearish sign for the intermediate term.  Our first area of supportcomes in near the January lows at the 1165 range. We are holding our (30 to 90 dayhorizons S&P short position) (short S&P on 3/16 at 1188.07).

On 3/1/05, we bought IVAN at 2.60, We sold this position at 3.08 for 18% gain.  Sincethis sector may have trouble near term, we will hold off on new purchases until OIH isclose to support near the 88 range. We are putting on ENG on our watch list, support near2.05.

To learn more on "Ord-Volume" please visitwww.ord-oracle.com. 




Nasdaq Composite:

The Nasdaq may bounce near term also.  Resistance lies near the 2025 to 2035ranges.  This area could produce a setup for a sell signal level.  The NasdaqMcClellan Oscillator is also oversold but not as much as the NYSE McClellan Oscillator.Flat for now.

GOLD Market:

"Timer Digest" has ranked Tim Ord as the #2 goldtimer for 2004.

(BGO and CBJ graphs courtesy of (www.decisionpoint.com).  On the Gold MiningIndex, we concluded that this index is completing the "Right Shoulder" of a"Head and Shoulder Bottom" and the "Right Shoulder" is being completednow. We have included graphs of BGO and CBJ.  Notice when the RSI is near30 or below both on BGO and CBJ that important lows are being made.  If you like farright on each of the RSI graphs, you will notice that both stocks are at the 30 level nowand imply that both stocks are near a significant low. .PMU has support near .65. NXG is filling the gap that formed between 2/24 and 25 and at support near the 1.45 range.  Gold appears to have completed a "Three Gap Play" to the downside and thethird gap (Exhaustion gap) appeared today. The first gap appeared from 3/11 to 14, secondgap from 3/18 to 3/21 and the third gap (Exhaustion Gap) formed today.  After thethird gap appears the market reverses and heads back up to at least the first gap. The first gap appeared on Gold at the 445 range.

We double our positions in BGO on (7/30/04) at 2.34 and we now have an average price at2.70. Long CBJ for an average of price of 2.75 (added to CBJ on 2/4/05 to bring averageprice to 2.75). Long NXG average of 2.26.  Long PMU at average 1.12.







The McClellan Oscillator closed today's at -284 andoversold for short term.
The “Percent Volume” Indicator closed .40 & near the buy area of .36.
The "5 day ARMS" close today at 4.03 and bearish.
Conclusion: Short SPX on 3/16/05 at 1188.07.00..
Longer Term Trend: Sold Long SPX 3/16/05 at 1188.07 for gain of 8.87% and now flat. Long SPX on 8/19/04 at 1091.23. 






Secretsfrom profiting with Price and Volume.  Come learnthe trading rules I use that made me #5 in the S&P and #2 in Gold in 2004 (By TimerDigest).  April 9 & 10 at the DenverMarriott tech Center.  Click on www.ord-oracle.comor Call forsign-up (402) 486-0362.

 Atthis seminar, You will learn the rules I use to picks stocks that have direct impact onprice near term.  This seminar will shortenyour learning cure on Volume and Price relationships. Once you learnhow volume works with price, you will have confidence putting on trades that you know willbe successful because volume (energy) is going in your direction. This Price and volume method works on alltime frames.  Hurry, seats are limited.