  We conjecture that the pseudogap is an inhomogeneous condensate above the
homogeneous state whose existence is granted by topological stability. We
consider the simplest possible order parameter theory that provides this
interpretation of the pseudogap and study its angular momentum states. The
normal state gap density, the breaking of the time reversal symmetry and the
checkerboard pattern are naturally explained under this view. The pseudogap is
a lattice of skyrmions and the inner weak local magnetic field falls below the
experimental threshold of observation given by NMR/NQR and $\mu$SR experiments.
