Simplicity .......SPY Monthly 07-09

Simplicity

As a Day Trader it easy to get caught up in the microscopic fractal world of minutes and hours. But to observe a necessary law of nature, just simply go stand on the California cliffs and watch the sun go down. From this lofty vista, it is where you realize even the ocean waves have structure.

This a Monthly chart of SPY. Observe the peaks, they are fundamentally identical. I'm not going to tell you what I see because I believe you see the same thing.