Here is a daily chart of the Dow Industrials showing my estimate of the market's current position in one of George Lindsay's Three Peaks and a Domed House formation. The entire formation began in 2006 and the Domed House portion started in July 2006 at point 10 on the chart above. I last discussed this subject here.
As you can see I have labeled the recent top as point 21 and I think the market is on its way to a low at point 22 which in the Dow should occur near the 13000 level. The subsequent rally should end near 13900 and at the moment it seems likely that it will mark the end of the bull market which began in 2002. The drop following point 23 should carry pretty close to the 10700 leve at which the entire Three Peaks and a Domed House began.