To clarify, there is SPELLING correction (which results in a red underline if you misspell something, and should not be ignored because you don't want your reader thinking you're stupid), which can be set to automatically correct words as you type. Is this what you mean? If you have BADLY misspelled a word, it will be confused and will likely correct it to another word altogether, but again -- this means you have badly misspelled the word you intended. However, you can turn off the automatic correction and just get the red underline as I do by visiting the "Text" system preference panel in System Preferences and unchecking that option. It will still point out misspellings, but will stop correcting them on the fly.