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Can Gold Fill Second Gap?


Today's high so far in the GLD at 60.27 completely filled the lowest of 3 unfilled gap areas left behind in the aftermath of the Amaranth energy sector debacle. The second gap will be filled at 60.99, and the highest of the gaps will be closed at 62.82. For the time being, my work argues that the GLD has enough technical power to fill the second gap in the hours ahead-- prior to the "need" for a digestion period. MJP 9/28/06 12:15 PM ET 60.08

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