Zeev,
Swamped at work and didn't notice until today that the NASDAQ suffered a "William O'Neil" breakdown Tuesday. The DJIA and S&P 500 still have not followed through on their rally attempts which began 12/9.
-David
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Distribution count (major distribution in []):
NASDAQ: 5 ( 12/16, 12/17, 12/27, [1/3], [1/4] )
S&P 500: 5 ( 12/16, 12/17, 1/3, [1/4], 1/5 )
DJIA: 4 ( 12/17, 1/3, 1/4, 1/5 )