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Wednesday, May 27, 2009

APPROACHING 220!




Nearing 220 on the mlp is where our target was when this sawtooth rally began in January and then began again in early March. Still no sign we've reached a top yet but 225 looms large and we will watch what happens when we get there.

Its a pretty quiet morning around here with no corporate news and no upgrades or downgrades so far. Curde is nearing 63 dollars. Nat gas traded lower and closed higher yesterday as it neared its low from a few weeks ago so a double bottom could be forming there (we can only hope and pray). Stock futures are flat to a little lower after yesterday's big rally.

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