Google Penguin 3.0 rollout last Friday

Yes, Google finally confirmed about the Penguin update, which took place on 18th Oct. Even I came across a sudden drop in the ranking of my 2-3 websites. I think this update will hit more sites as compared to the last update.
 
One of my niche affiliate marketing blog traffic from search engine drop more than 50% :(

Is there any suggestion on How to recover it?
 
yes, my website also hit by Google Penguin 3.0 rollout last Friday. and my website is down. Before updation my website keywords are set on 1st page and after Penguin 3.0 updation, My website out of 100. What I should do for my website ?.
 
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