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Wednesday, May 16, 2007

The MLP index looks like it may have finally entered a corrective mode here as we are down nearly 6 points from yesterday's high which was over 336...we're sitting at 330 and change. 326 is the support level stop so we'll see how far this selloff carries us.

Losers of a point or more including Sunoco Logistics (SXL), Genesis LP (GEL) and Enbridge Energy Partners (EEP) is down 2 and change. Lots of fractional losers on the board including Kinder Morgan (KMP), Markwest (MWE), Oneok LP (OKS) and a host of others.

Terra Nitrogen(TNH) is up 1 and off its high of the day. Duke Midstream (DPM) is also a one point winner. Hiland LP (HLND) E V Partners (EVEP) are up fractionally. A few others are up small amounts.

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