Sunday, October 07, 2007

FBN Analysis for 10.07.2007

FURNITURE BRANDS INTERNATIONAL INC.

Monthly chart shows retracement from the highs at $43.06 made a 1:1 or ab=cd pattern.

Weekly chart shows a doji with a gap up for a retest of the prior s/r at $16.00

Daily chart shows buyers gapping the stop up through prior s/r in their eagerness to get back into the stock. Look for the low at $9.26 to hold for a move back up to test the $16 to $17 level.

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