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Thursday, October 11, 2007

MLPS SHOOTING FOR 6 DAYS IN A ROW!


Hard to believe that 1 week ago we were on the verge of a breakdown staring into the abyss. And here we are one week later; 5 very powerful up days in a row and today at least at the start givess us 6. Whats more we are carving out a bullish "W" bottom and we are breaking out above the neckline. So unless we see a mega reversal today we may be getting ready to tackle that old high from July at 342.



The daily charts above are clearly bullish and the weekly chart below has not quite turned yet but that one is about to go to a buy and that is a longer term signal so we will watch that one that could give us a verdict tomorrow.


This morning there is no news on the wire but RBC starts EV Partners (EVEP) at an outperform so that should goose the stock this morning. So fasten seatbelts for takeoff.

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