Zeev, I couldn't agree more. I would also add the number of GPT's, or more specifically, the number of +1200 or higher TICKS. The only real positive argument I can draw from a reading of the market internal indicators, is the NYSE and Nasdaq summation indexes, which are slowly moving higher. Certainly not breaking out, mind you. The same is the case with the McClellan Oscillator.
This is very much like topping action to me. I continue to view this as the formation of a rounded top.
However, the time is approaching for the bears to put up or shut up.
GT