In the weekend IBD edition (Aug 7, 2006), the investor education section takes a close look at the breakdown of a market leader, Goldcorp (GG).
I'm posting this because of the similarity the chart has with the ATI chart, which I just shorted. Notice the bearish divergence or wedging indicated by point 3.
Here's a quote from the article, "When leading stocks start breaking down after huge run-ups, that often signals a shift in market direction."
I think ATI is a much better short because it is more dependent on the economy. With inflation still on the rise, gold might resume its climb and bring GG right along with it.