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biomund

08/06/09 9:57 AM

#206 RE: eaglesurvivor #205

IMO gap-filling in technical analysis is often mumble jumble. There is an implicit assumption that the price prior to the gap jump-up is the "right price" and therefore the gap will be filled. However when there is a significant fundamental change then the new level may in fact be the right level and the gap has no reason to be filled.