We have seen the markets make a major reversal this morning.  After being up almost 100 points on the Dow in the early going, we are now down almost 100 points.  Furthermore, the S&P has broken through last week's lows and has broken below the support levels of 1070-1072.  The decline has currently stalled right around the 1070 area on the S&P, and this level is one to watch now.  If we do continue to deteriate below this level, we would look to cut back long exposure and to set stop losses on long positions.  As we have stated several times, if the momentum did turn, it could turn quickly, so be careful out there as breaking key support levels could lead to further declines as the next area of support is down in the 1050 area on the S&P.