2 DAY CORRECTION WIPES OUT 2 WEEKS OF GAINS!

The uptrend is still intact but today may be an important day technically for mlps as they straddle rising support lines yet a gain. I have been maintaining that 350 is the place to watch for a breakdown so as long as that holds, the longer term uptrend is safe. However this news of the Obama Administration perhaps going after partnerships is not sitting well with investors. Of course its just talk and we dont see a final proposal yet. But i have to believe