DJIA Daily Close with Special Oscillators 10-30-09

This is an updated chart of the Daily Dow Jones Averages with Terry Laundry's Magic T's drawn by using my new study unit.  This T expired on October 21, 2009.  The oscillator shows that we are in a cash build up period and the next bull move will be of fairly long duration.  A new problem has been revealed causing the market to fall and of course it is always with the banks.  Now that we are all schooled in Credit Default Swaps and the Z Tranche of a CMO we are now going to learn all about Deferred Tax Assets.  If City Corp. has to write off  $10 Billion in Deferred Tax Assets, that will reduce their ability to loan to businesses by $100Billion.  That means that they will have to rely on borrowing money from the Fed. (at .25%) to fund their security trading desk in order to keep earning money.  Who can guess which bank is next to have a Deferred Tax Asset Problem?