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Thursday, March 23, 2006


Last hour...MLPS holding up okay in here...although they have come off their highs a bit as the dow sells off...down 73 points. Nasdaq down as well. Just wish XTXI would stop going down..XTEX seems to have stablized.

I use the 34, 55,89, and 144 day moving averages...why you may ask? They are fibinocci numbers and i've been pretty successful in using them to pick bounce points. Notice that XTXI is resting right on it today...It bottomed there yesterday and its sitting right at that low as i blog. I'm really hoping that this is the floor. We have not taken out yesterday's low of 73.02...but we are close with just 30 minutes left...fingers crossed!

Apparently Goldman raised its target from 100 to 108 on this yesterday when Ray Jimmies did its downgrade. Right now we seem to be focusing on the negative but at some point the market will realize this thing still has growth ahead of it.

Atlas Pipeline Partners has just made a new high for the day! 41.49

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