Not to sound toy or nothin' but...
I can abstractly see your T and P (they're not the typical 'solid' letter, so it's hard to see them), your Y doesn't look right to me (then again, toy here...), and I don't even see the E...I could just be missing that though...(can you outline those and send me a pic?)
You don't mind if I drag this on over to a graffiti forum to see what they say about it do you?