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Wednesday, October 25, 2006

The fed meeting is done...no change..so we move on. The MLP index got to 269.80 but we've pulled back off that high. I think we'll have another run toward the high in the last hour. Oneok LP (OKS) has joined the losers list and is probably the downside weight.

Crosstex LP (XTEX) may be the next one on the verge of a breakout. We need a decisive close above 38 on volume. This could happen at any time (imho).

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