The top daily bar chart shows the Dow Industrials for the past two years. The Dow has been the weakest of the major averages. Today it dropped a little below its late August low while the S&P 500 and the advance-decline line (second and third charts) are still both above their late August lows. Your can see that the Dow has already dropped to the level of its rising 200 day moving average while the other two indicators are still well above their 200 day moving averages.
Of immediate concern here is that all three indicators are now trading below their 50 day moving averages. This is a late indication that the market's trend has turned downward. The market has been trading more or less sideways since its May 2013 top and normally once a downtrend starts within a trading range like this it doesn't end until the market drops to or a bit below some recent low. Both the S&P and the advance-decline line have further to go on the downside before they reach their August lows.
Lindsay's 15 year period from bear market low to bull market high counted from the 1998 low in the Dow (the average Lindsay preferred to use ) expired on August 31, 2013. At the same time the 2 year basic advance from the October 2011 low has probably reached its end. This is another bearish factor which would underline the significance of a downside breakout from the current 5 month trading range.
Both of these Lindsay's methods allow time for another new high, however. Along these lines it is also worth noting the minor version of a potential three peaks formation in the Dow, S&P and advance-decline line which is visible in the charts above. I use the adjective "minor" because Lindsay insisted that his "major" 3pdh formations show the first and last peaks separated by 6-10 months instead of the 4 months in this "minor" formation. Nonethess, note that the Dow has broken below the August low and this action identifies the three peaks. Once the current drop is over the domed house would then carry the Dow to new bull market highs. Even then I would expect the ultimate top to occur early in 2014 to be within the parameters of the 15 year period and the basic advance from the October 2011 low.