We raced over 241 at the open on the mlp index and have now pulled under 240 but still up 1.50 pts on the day. Overall market opened near the 8800 resistence and has now pulled back from there. Now we sit back and watch. 240 was a target of mine and i want to emphasize again we are now back to where we were before the hideous meltdown. 240 is an important level to watch here because i think if we break out above that..then we could make a run back to the 260-270 level.