adbrite ads

Your Ad Here
Your Ad Here

tickers

$IN

amazon

Friday, September 28, 2007

MLP index is now back to the flat line but at least its following the overall market which is down modestly and not down hard while the market is rallying. Grasping at straws here i understand but what choice do i have?

3 comments:

Anonymous said...

I too am grasping at straws, having bought way too much at the top.
Here's the straw.
Look at Stockcharts P&F chart for $AMZ - Alerion MLP Index. It says Bullish, with a target of 360.
If someone else reads charts, please confirm if this is so.

Please Lord!!!

joewxman said...

By every valuation i use...and my favorite one is the spread to the 10 year...we are at a bottom here. Some MLPS are 3 1/2 pts above the 10 year which is ridiculous. The quarter is over...there were some big blocks that crossed on the tape in the last few minutes of trading on many issues so i remain firm that last week's decline was portfolio/hedge fund blowout...its over and next week we should rally.

Usually when you have that feeling like you are going to vomit is what usually winds up being a good time to buy!

Anonymous said...

Joe wrote: "Usually when you have that feeling like you are going to vomit is what usually winds up being a good time to buy!"

LOL!!! That is SO true!

Bruce