Danish OMXC20 - In topping process

The Danish stock index OMXC 20 is clearly in a topping process. I would like to show two charts , both indicating that a top is building. The first chart above is showing my custom made trend-following momentum indicator. Sorry if it seems crowded, but the one thing you should pay attention to is the fat maroon line. As can be seen at the bottoming face in late 2008 and early 2009 while the market made a new bottom the indicator did not (marked with the light green line). Currently the same kind of divergence is taking place at the top, warning that a top is forming. However the top will not be confirmed before the horizontal blue line at 442.68 is broken to the downside.
One should also notice, that both moving averages is clearly broken and beginning to turn to the downside, which is also a warning signal.

Finally we are seeing a break below the mid-line of the Andrew Pitchfork for the first time since July 2009. Telling us that the trend is getting weaker and a test of the lower support-line can be expected. I would like to see a couple of full bars below the mid-line as a confirmation, that the trend is turning from up to down.