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MEA broke out above 6 with huge volume in April. The killer correction of the markets took MEA to 5.5 before it started going up again. Look at any weekly chart of MEA. Does it look like a technical trading book's example of a breakout and pullback ?
Remember, first comes the volume and later the good news.
Like professionals I also have my full disclosure:
I own with real money all of my picks at Strategy Lab open. Some in stocks and some in call options, with the exception of KOP.
If you are interested in my analisys on MEA please email me at:
sternloinaz@hotmail.com
or
sternloinaz@yahoo.com
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