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Thursday, October 08, 2009

MLP INDEX BREAKS OUT HIGHER!

Sorry guys for no posts yesterday and this morning but working 2 jobs this week with no access and time so it has been difficult to post. The index has broken out decisively higher today as energy stocks are leading the latest dow advance to 9800 as we continue to reverse last weeks key reversal. The next level for MLPS is 270 where i would think there will be sizeable resistence since that is the home of the prior long base. Still we are headed the right way and we will deal with the implications of 270 when we get there.

I wil try to post again later today. Should be back to normal tomorrow.

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