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Tuesday, March 14, 2006

Uninspired volume today and appointment only trading is the way the tape feels with MLPS. The vast majority of MLPS are between -20 cents and plus 20 cents. Copano Energy (CPNO) is up 60 cents. Watch this stock if it emerges out of the long handle formation on the chart above. Might be good for a 10 point move from the breakout point. Also with a handle formation is Holly Partners (HEP). Breakouts need to be confirmed by volume and so far there isn't much. The Holly Chart is less bullish looking the Copano chart imho. The Copano chart reminds me of the chart of Crosstex (XTXI).

I'm having trouble uploading charts so until i can....use this link to view them

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