Newby TA question

Discussion in 'Options' started by Eliot Hosewater, May 31, 2006.

  1. Every stock and index I've looked at today has the 10 day MA crossing below the 30 day EMA in the last week or two.

    Is that meaningful for the future, or is it just a reflection of recent market action?
  2. MTE


    Depends on who you ask. Seriously!
  3. I just noticed that everything I look at seems to have a similar pattern. Is that unusual or a common occurrence when the indices take a hit like they have recently?
  4. MTE


    The stockmarket is correlated, and in selloffs like this everything has a correlation of 1.