Opti, have you heard of 1 2 3 Magic? I have heard it recommended for the 3-5 age range. Sometimes we adults need a time out, too. As a matter of fact I hid in the bathroom with the lights out just the other day! Another trick is to whisper instead of yelling. That might really surprise your son and actully get more attention from him than screaming back at him.
It might be a way to calm yourself down, too.

Meanwhile, what about a bubble bath????