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A heck of a week, gold'n'silver lept back up and stocks plunged back down --10 year performance:

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Of course, while that's all well and good for what's been happening til now (telling us what we shudda done) but the plan we need now is for what we're supposed to do tomorrow.

IBD TV mentions that last Friday's drop means the market's officially in a correction now, and they say it means we got to reduce holdings and show patience with new buys.

Makes sense considering that stock price patterns are typically self-similar (English translation: "the trend is your friend"), but for the heck of it I checked out past IBD trend calls and saw that recent history showed--

(click pic to enlarge)

---that correction beginnings have been great buying opportunities.

Don't get me wrong, the IBD people aren't idiots and stock timing is not best done by throwing darts at a colander.   The IBD editors stress that everyone's got his own set of goals for return risk/v/reward, and we all make our own choices.