Here are the methods to check the alignment and tension of the timing belt. To check the belt's alignment, rotate the engine crankshaft in the clockwise direction using a 19 mm socket on the crankshaft damper bolt (or other method) until the second, white notch on the inside ****** of the crankshaft damper is aligned with the "0" line on the timing tab on the lower timing belt cover. This positions the engine to top dead center (TDC) on the number one cylinder.
Now remove the ten 8mm bolts on the upper timing belt cover and remove the cover. You may have to remove the single screw holding the power steering fluid reservior to the bracket and move it out of the way to access the bolts and remove the cover. Secure the reservoir with a tie-wrap and position it so that it won't leak fluid. Note that the two bolts in the center are slightly longer than the bolts on the perimeter of the cover.
Looking at the camshaft pullies, they should be positioned as shown in the two photos below.
Ignore the position of the white marks on the timing belts as they are only used to position the belt during its initial installation. You are verifying that the index dimples on the cam teeth and cam spokes are aligned with the raised ridge on the rear, metal timing belt cover at the 12 o'clock position.
If they are not aligned as shown, your timing belt was either installed incorrectly or the tension was not set properly and the belt skipped on the pulley teeth. This will require that the belt be reinstalled. I recommend that if this is the case to plan on replacing the belt with a new Gates T248 belt from RockAuto.com for $34.77 (EDIT: no longer available).
The belt should be quite firm to the touch. If you press firmly on the span between the two camshaft pulleys, the belt should deflect no more than about 1 mm. If the belt is aligned correctly but the tension is less than specified, you can retension the belt with the timing belt covers installed per the procedure
here.
Search keys: timing belt alignment and tension
Front camshaft pulley index mark alignment (ignore the white mark on the belt)
Rear camshaft pulley index mark alignment (ignore the white mark on the belt)