By the Dow Theory Team
It's been a wild week with lots of action, across the board. Most impressive, gold soared and stocks continued down their bear market path.
So what can we expect going forward?
When the primary trend turns down it means that the market is going to go lower in a series of descending peaks and lows, and the only question is the pattern and timing of those declining peaks and lows.
In a bear market, technical strength implies nothing more than a coming rally.