MORE CHARTING

Some points of interest on the SPX charts in light of the morning sell off:

Recent lows on the SPX near the 1,490 area;

Blast off point from the first rate cut on Sept 18, near the 1,475 level;

The 200 day SMA near 1,480;

On the DJIA:

Recent lows near the 13,400 level which was also the Sept 18 low;

The 200 day SMA near 13,200;

On the NDX 100:

Recent lows near 2,120;

50 day SMA near 2,090;

Of course the markets could turn right around and trade higher- not that likely.