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Thursday, December 21, 2006




Good Morning!
I would suspect that trading today will continue to slow to a crawl. 5 trading days left in the year so look for some year end nonsense. For those of you looking for opportunities to buy Linn Energy (LINE) or Regency Partners (RGNC) or any of a number of MLP IPO'S that came to market this year, maybe you'll get your shot on January 2nd when selling and booking profits go on the books for 2007.

Meanwhile I would like to point out a couple of charts that may have entered correction mode. Energy Transfer Partners (ETP)and Duke Midstream look to be in pullback mode here.





If you have been waiting for pullbacks in these two issues look at the moving averages as logical entry points.

No corporate developemts this morning and no upgrades or downgrades so far.

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