The gap downs in the US and ASX suggest Bull market corrections to me.
IMHO - The UK will come to the aid of Ireland and the Bull will run for Elliot Wave Five up before we make a top.
Take a look at this ... http://www.amateur-investor.net/Weekend_Market_Analysis_Nov_13_10.htm
As far as ITC is concerned ... no volume and no big 10-15% wide candlesticks ... so the tops not in.
Regards