According to R Russell:

"The Dow appears to be in a huge head-and-shoulders top. Note that this top has formed almost three years after the Dow hit its high back in October 2007. The fact that we now have declining tops, meaning a lower distribution pattern [below the primary top of October 2007] is bearish. In the most recent pattern, the Dow seems to be working on an expanded "right shoulder" of its H&S top. The breakdown of the whole formation would come with a Dow close of 9600 or lower. The RSI has turned down decisively... and the on-balance-volume is in an ominous downtrend."

"As I see it, the top we are witnessing began forming in October 2007... and is still in the process of formation. This makes it the greatest top, in duration, in history. Fantastic."

Hopefully you can see the chart here:

http://www.caseyresearch.com/images/100819_Linear-Dow.gif