For those who haven’t been paying attention to Big Wave Trading, we have been advocating anyone who is new to the market or anyone who hasn’t held onto a Monster Stock to be in 100% cash.  Many, however, try to pick bottoms and continue to be wiped out.  It is going to continue as many are not factoring in the global slowdown and what it’ll mean to overseas economies.  Regardless, we have 1 chart when we should have MANY.  This market is trash and will remain that way for awhile!

For the haters and the jealous, keep your trash out of here; especially Joey Fontone who told us we were idiots for being short and in cash.  Joey said he was long the market, no Joey is swimming under water.  Don’t be Joey.

MS

Last 5 posts by Joshua Hayes

• Following Through on Friday's Gains Stocks Stage Another Rally on Strong Volume - June 2nd, 2009
• Small Cap and IBD Indexes Lag the Major Indexes with Volume Higher Across the Board - May 29th, 2009
• Are Items That Fill Up Your House too Expensive? Then Rent Them at Aarons Inc. - May 27th, 2009
• Finally We Have The IBD Indexes Leading The Way As Stocks Rally On Heavier Trade - May 27th, 2009
• Ending in Mixed Fashion Stocks Fail to Close Out With Gains Seen Earlier in the Session; IBD Indexes Take the Lead - May 20th, 2009