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Monday, May 22, 2006

While the group closed lower there was some small bounces in some of these at the end of the day but not enough to bring any of them back to the flat line. Usually if the market bottoms and is getting ready for a trading rally...they usually move the second day. So if the market rallies tomorrow I would anticipate a good day. I took a long position in Oneok LP today formerly Northern Borders Partners (OKS is the new symbol).

No news after the close and S&P futures were up 2 points when i last checked. Oil futures reversed today and closed nicely higher. We'll see what tomorrow brings.

BTW the Northern Borders message board on yahoo no longer exists but feel free to post comments here until the board resumes on OKS.

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