Ouch... Ouch...

Yes, I feel the pain of this correction, which is often a good sign. When I see the market plummeting and I'm sick to my stomach, this usually signals a market bottom. And then there's the so called market gurus such as Bob Pretcher from the Elliot Wave Theorist, who is expecting the market to crash. Read more about Bob Pretcher: click here. With so much pessimism out there, all the pieces are in place for a market rally. We'll see...