The likelihood of a major correction does not seem to be in the cards. Much is riding fundamentally on the Trump Tax Reform. Corporate tax cuts and the one-time repatriation will be extremely bullish and indeed may be the fundamental behind the Vertical Market we see coming. Keep in mind that Canada is going totally in the opposite direction as is Europe and Japan. If Trump succeeds in getting this reform through, we will see a stark and shocking bull market that will finally start to bring in everyone from around the world culminating in the explosive rally our computer has been forecasting. Trump wants to eliminate the estate tax, which is levied on the distribution of property as it passes from deceased persons to their heirs. Of course the critics are yelling this could save the Trump family as much as $1.4 billion. Keeping with that logic, one would guess it is a good day to die before the Democrats get back in. What they ignore by focusing on Trump is that we have big farming today because of the estate taxes have resulted in farmers being forced to sell land to pay inheritance taxes and small businesses closing because the tax must be paid at the expense of workers who lose their job. Trump's initial plan would also help small business who provide 70% of all employment. The "pass through" tax on small businesses at 25%, instead of the income tax rate their owners would pay often 39%+ reducing job growth. Most U.S. businesses are taxed under their owners' individual income tax rate instead of the corporate rate. All of these proposals will have a tremendous impact upon the US share market providing the backbone for the rally which has resistance at 23000 area which is capping the market right now. This is followed by a gap to 25650 area and 28000 for next year and 32000 by 2020. A full blown rally into 2032 is possible and there our target become 61608 on the Dow. Support is now shaping up at 20300. We still see that the Panic move this week may begin tomorrow. A break of the 22730 level would signal the break would be to the downside. Keep in mind that only a monthly closing below 21275 zone would warn of a more pronounced correct. Immediate this month, we have resistance at 23079 level and 22459 which will be important for the closing of October. Last moth's closing was 22405.09 and a lower closing for October will signal a sharper correction that could retest the 20-21000 zone. Keep in mind that this market may be headed for a major high off in 2032.

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