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Thursday, August 20, 2009

LOOKING FOR DOWN 11 ON NAT GAS
MLPS HOLDING SUPPORT.



Crude is going to 100 and nat gas is going to zero. There is a compromise in there somewhere. There is a short covering rally for nat gas one of these days. Meanwhile the market turned yesterday and we closed higher for the most part and we start the day with a flatish tone. MLPS are opening flat this morning with no news drivers and some small fractional moves in either direction. The overall market has opened a touch lower.

Nat gas numbers out at 10:30am. Nothing on the upgrade downgrade list. The overall market will be driving things. More later as i try to fix a broken pool filter. It finally gets hot in the east and the pool filter dies.

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