As I've said many times, EVERYONE looks at the 50 day moving average, even if they hate technical analysis. It's considered the intermediate term line in the sand, and needs to be respected. You want to know what everyone is looking at, and you want to look at it too.
Stock Market 50-Day Moving Average - Business Insider
http://www.businessinsider.comFri, 16 Aug 2013 11:51:00 GMT
The stock market has been experiencing a heightened level of volatility. The S&P 500 closed at 1,661 yesterday, down 1.4%. And the all-time closing high of 1,709 two weeks ago is just getting farther away. The chart watchers ...