So, under the guise of bullishness with respect to risk/reward ratio, we look at a current NFTRH holding, Japan Small Caps fund JOF. After an initial false start on this one, I bought the retest of the weekly breakout as shown on the chart.If the bullish scenario is to unfold, it might be unrealistic to expect another test of the weekly downtrend line. However, lateral support is shown and if that holds, we lock in a target of 9.5+.
Where did I get JOF? Why, from some research from my broker, Fidelity. They had a pretty neat segment where several of their fund managers gave their ideas for 2010. I read what a global fund manager had to say about Japanese small caps and decided to stalk JOF technically. Nice lower risk bull play (i Bottom Feeder) in a high risk bull world.
