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Thursday, October 20, 2005

Afternoon trading is on the soft side with the occasional exception. Crude and Nat Gas are down sharply...XOI heading down to the 905 support level.

MLPS seem to be holding above last weeks lows which is a good thing. Rates being contained at 4.50 on the 10 year plus distribution increases seem to be holding things here.

Magellan Midstream joins the chorus of distribution increases.

Watching the last two hours...expect it to move with the overall market.

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