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Thursday, August 18, 2005

I like down opens in corrections because they stand a chance of producing a trading climax. At least with some of the MLPS that was the case this morning with gap down opens in a lot of them...in other words..get me out at any price. Valero had the biggest gap down that i could find...-1.40. Somebody wanted out.

Only a few green arrows with Crosstex and Inergy up a touch. XOI is off its low so a rally attempt is being mounted.

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