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Tuesday, September 15, 2009


I don't always get annoyed when I make money. I am usually very happy.

In previous posts I indicated I wanted to hold on to KMP for a few months, but it has gotten to such ridiculously overbought levels, I have to sell and buy back upon a consolidation.

Make no mistake, I am thoroughly annoyed by this.

Below is the chart. When the Slow STO reaches such extremes, the probability favors a decline or prolonged consolidation time.

BUT, and I stress BUT... this is the trader in me talking. I am still a fan of Nat. Gas, and think it will settle around 4-5 by year end. KMP will benefit. So they will be fine if anyone plans on holding for the dividend over the next few months.

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