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Tuesday, October 26, 2010

Another paint dry day in the overall markets. After a down 75 point open the market has come back to the flat line and has been straddling it since 11am. Meanwhile mlps are up a nice 2 points and are bumping up near the top of the range and if we get a late day rally, we could see a new all time high close. This tight range trading has been going on for 3 days and the underlying tape is firm. We are going to break big one way or the other..and soon.

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