The January reading for that ISM index was 51.3%, well below the 56.0% and combined with the pain that Chinese Non Manufacturing PMI brought with it, has seen the DIJA to - 150 and the S&P to -19 points .The 50 day levels have been effectively taken out.Now do we see a deeper correction or need to wait for the Labor report for the Indexes to go down substantially? It is a foregone conclusion that the Asian market is down and the effect t transferred to the Indian market too.Still some way to go before the US market is done....need to wait and see where it goes.