Bull's-eye forecast for bearish NCM Newcrest Mining

Click on chart for larger image

To see the forecast of 8th May, 2008 for Newcrest Mining (ASX:NCM) click on the following link to the appropriate Blog Archive. NCM was then at $30.28. The forecast was that it would drop to a minimum price of about $20.55.

http://donoghuecomputersystems.blogspot.com/2008/05/newcrest-mining-ncm-rocky-road-ahead_08.html

As you can see from the chart above, NCM closed yesterday 11th Sept, 2008 at $18.60.

Note that the forecast drop from the Head and Shoulders pattern was a minimum target.