MLPS CONTINUE CORRECTIVE MODE!

We've been in corrective mode since we hit 250 and we are straddling along the moving averages which are providing ample support. So far all this is a bull market correction and we are also dealing with late August trading desks which have all but shut down until after Labor Day.

Most mlps are moving fractionally lowever as the index is down just under 2 points in the early afternoon. No news drivers today. Everything just seems to be in sleepy mode. I am in sleepy mode as i recover from 2 days of doubles.