RFN goes daily trend down by AROON and I hit my 10% loss tolerance level (and the only reason I was that liberal is because of the good stuff that has the portfolio off to a rollicking 2% gain for 2010 (no, I'm not really touting 2%, silly). No fuss, no muss. Loss booked. Comes with the territory.
There is a lot going on and if you are a geek about the markets, then this is fun for you as you go through the process of sorting things out. I am a geek I guess because I am engaged and really enjoying the proceedings.
Lots to work through here. There are plenty more shorting and bearish opportunities out there and I may add back RFN and some others I was forced to capitulate on - even at higher prices - but those damn trading rules are cold hearted. You follow them or you don't. I do.
I actually added a foreign long today which will be noted in NFTRH this weekend. I got the idea to go look at the chart from a Fidelity email, of all places. My first thought when these things show up is 'contrary indicator alert!' but you know what? We all need to guard against hubris or self-congratulation. I read it and found value there - hopefully literally. :-)
