*Interview with Ike Iossif on March 17
"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.
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 (
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.