Calling a top is in this run is suicidal. Look at all negative divergences the Euro shook off on its way to 1.60.
"Deflationary" forces will beat out inflationary forces here very shortly. The baby boomers' spending cycle has peaked and the same level of demand will not be seen for 10-15 years.
In the mean time, the best way to confirm a reversal in my experience is with TD Sequential. According to TDS we have some momentum to the upside to work out, then, after that we can talk about deflation and a measurable decline.
I'm looking for a terrorist attack to happen as this deflationary death spiral really starts to get traction. If you think the corruption (insider trading etc) was bad during 911, you haven't seen anything yet.