Wednesday, November 02, 2011
Fed did nothing and pretty much said nothing. Market was up 210 now up 110. MLPS were up 2 now down a little less than a point. MLP chart above is showing what either looks like a triple top or an inverse head and shoulders bottom. Since we've covered both extremes it probably means more sideways action although the overbought oversold indicator is close to indicating a sell on the group.