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Non-Tech : American Express (AXP)

AXP 359.99

-0.5%

2:00 PM EST

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To: Carey Thompson who wrote (99)	1/3/1999 11:28:00 PM
From: Axxel	of 179

The 25 point "crash pattern" of the stock on high volume suggest to me that selling was "speculative" in nature and that it is likely that we will see price movement over $100 and increasing volume, but now speculatively on the upside. Buy point are as the stock breaks the even decade number of $100 and should there be any mini-panic, then that would warrant the purchase of call options. And this has nothing whatever to do with AXP's general business-lower rates have been favorable ot FNM, FRE and to AXP..not to mention SCH. These stocks are discussed in more detail in a newsletter I publish for free and if you want it- FYI- The Axxel Knutson's VTAR © Newsletter [Volume Trade Analysis Research] is published [free] 3/4 times a week and is given to various web sites and to individuals who request it. There are no charges. It is free. This may be an excerpt from that newsletter. If you would like the rest of the newsletter or if you would like to be put on the list, simply email me at stockopn@webspan.net; tell me your email address, the city that you live near and how you heard about it. Best regards, Axxel

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