We traded down to 181 and change on the MLP index and we'ver rallied back to 188 as the overall market went to minus 317 at the low and it was up 50 a few minutes ago...now its down 50 as the tape is moving around. It has the desperate feel of a reversal trying to get underway. And if it takes hold we could see a big rally in the last hour.

Plains All Amercian (PAA) and Hiland Partners (HLND) are down over 2 points as the biggest losers. A few mlps showing fractional gains as some are starting to turn. Markwest (MWE) leads the winners list up 75 cents to just under 14.

In the time i typed this post the dow has gone from minus 50 to +15. OOPS +25.