First things first: Don't panic. The raging, grinding bull markets are "officially" in correction territory.
It's a healthy thing.
Though I've been consistently bullish in my outlook over the past year or so, I've said that a 3% to 5% dip in the markets might be in order and that a correction like this would be welcome.
Why? It's not that I enjoy watching stocks fall... unless I'm planning to recommend that my readers play the "rubber band snap" (although, I did, and they made a quick 50% gain).
Rather, this downturn is good for the simple reason that we needed to see that capitulation.
About the Author
D.R. Barton, Jr., Technical Trading Specialist for Money Map Press, is a world-renowned authority on technical trading with 25 years of experience. He spent the first part of his career as a chemical engineer with DuPont. During this time, he researched and developed the trading secrets that led to his first successful research service. Thanks to the wealth he was able to create for himself and his followers, D.R. retired early to pursue his passion for investing and showing fellow investors how to build toward financial freedom.