Ok, looks like as February 2010 and the Credit Card act becomes effective we may see some further price movement on AXP. Since its still January, the 2nd price support may fall too! Ok, back to lurking.
When I posted earlier today on AXP, it hadn't tested the first support line. Hmm, I wonder what the next support line is? By eyeballing it, $36.31? I'm thinking that the sell off we've seen was a spill over from the 'O speech the other day and the real news has yet to hit AXP...Now, granted the 30 minute chart looked a little better during the last hour, but to me this thing is looking bearish now for sure....
Note: Credit CARD Act of 2009 goes into full effect February 2010.
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