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Tuesday, December 04, 2007

One of the most humbling things about trading is that sometimes when you discover a trend its often at the end of that trend. And i posted the last observation about MLPS opening near their lows and seeing buyers coming in just at the point that the buying ended and now the index is down nearly 2 points and near the lows of the day at 297. Isn't it fabulous?

Linn Energy (LINE) and Williams (WPZ) are down 1 point apiece. Lots of fractional losers. Meanwhile not many winners with Alliance Holdings (AHGP) up 75 cents as the biggest winner.

Oil down 1.43 and under 88 bucks now.

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