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Wednesday, July 19, 2006



I figured i'd wait for all the dust settle with the news and fed testimony...and the news is good for the stock market and very good for MLPS as 10 year rates are falling back under 5.07%. MLPS are sharply higher with the index up over 1 and change and well over 250. And Valero LP whose chart i posted above has come alive and back over 50. This MLP is so oversold and has alot of upside headroom. Its up 60 cents so far today. And we have a slew of fractional plusses in the group.

Just a few losers like Regency Partners which is digesting last weeks gains.

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