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To: GVC who wrote (7120)8/12/1999 5:10:00 PM
From: goldsheet  Read Replies (1) | Respond to of 81239
 
> isn't there is another gap between the xau high of 59.31 on July 20 > and the low of 59.41 on July 21 ?

I guess there is, but it was sure difficult to find on the chart considering it was .1 point. There is another gap on Aug 2/3 that is also about .1 I was more concerned about the gap on the 11th because it is almost a full point. If we gap down below 68, we would have what is called an island reversal, which is very bad. That's why I am hoping for a filling and basing.

Also, I am long ABX and I have sold August covered calls at 20. Personally, I would like to see ABX stay just under 20, have the call expire on the 21st, pocket the option premium, then have a huge upside rally. I can always dream !!!