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Monday, April 30, 2007

Sell off into the close and the MLP index closes down a few ticks after being up through 334. This is the first thing resembling a reversal that we've seen since last fall and while one day does not a top make....it does raise my eyebrows slightly so i will be watching the action over the next several days a little extra carefully. Again to emphasize this is for the short term. No change in my bullish longer term view.

No headlines after the close so far.

2 comments:

Anonymous said...

Probably more to do with end of month than anything else.

joewxman said...

you are most likely correct but i shall remain vigilant.