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Wednesday, June 17, 2009

Down over 6 points. This feels to me like a massive bout of profit taking in a group that was up 32% for the year. We are approaching end of quarter and end of half year so maybe this is a logical all be it violent correction in the mlp space. 210 would be as far as i would like to see this go without damaging the uptrend. The 55 day moving average is at 215.

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