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Tuesday, December 02, 2008


Just want to point out that while crude oil has gone to new lows as measured by the USO, the XOI OIL INDEX has not only stopped going down but it looks like it might be emerging out of a base in here. Are the big oil stocks telling us that a bottom in Crude oil is near?
Okay so we didn't get 1/2 of yesterday's loss but we got back 40% of it. And the dow chart in the short term has been moving sideways instead of relentlessly down. Of course mlps finished basically flat today.

Insider buy at Crosstex LP (XTEX). 15000 shares at 5.76.

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