More ugly charts! Constellation Partners (CEP) is now down 9 days in a row and below its August low. The MLP index is just as bad...having managed only 2 tiny up days out of the last 11. And it is becoming very demoralizing that we just continue to sink toward the August lows.Of course things are always at their ugliest before the turn but it is a real mess out there.

Both Markwests are up nicely today (MWP,MWE) as Targa Resources (NGLS) has proposed buying out both of them. Still no other details. Amerigas (APU) is down 1.50 on a Wachovia downgrade to market perform. Suburban Propane (SPH) is down 2.50 on earnings which the market apparently doesn't like.

The MLP index is off its low down 1 point at 299.50. Wake me up if their is a rally.