You make no sense! A retrace to $29 - OK but no real reason except for thet MLPs are up huge since the fiscal cliff went away. The Seaway news was bad - so wouldn't that create sellers? Oh, sorry, the problem is already going away. And thinking that technicals matter very much in MLPs when 65% of the owners are individuals - seriously? Did you forget that trading MLPs except over the very very short term has extremely difficult tax consequences?
That's what makes a market. You see opening the Seaway as bad news? We saw it as good but old and expected, thus a chance to sell some at a near term high. Expecting yet another offering soon...perhaps announced at earnings? Selling at a profit is rarely a problem...and techicals actually work best for retail names.