Galapagos Islands Message Board

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Strategies & Market Trends : Galapagos Islands

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To: TimeToMakeTheInvs who wrote (53903)	12/8/2004 11:14:35 AM
From: J.B.C.	Read Replies (2) of 57110

Tim, I'll comment for you as well. The Software sector is Favored in DWA's system. However ERTS is negative (in O's) against the market and its peers. It looks like it's starting to gain some strength though. A pull back to 50 would be a nice entry, a stop of 47 is for traders, 43 for longer term buyers (on DWA charts). It has been negative monthly momentum for 13 months now, and that's a pretty long time, 8-12 is normal. It's cross point to positive momentum is at around $57 and getting closer. This stock may very well set-up for a Jan-March run. Just my 2 cents worth. Jim

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