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Footstar, Inc. (FTS) Message Board

  • bruthae32 bruthae32 Dec 12, 2003 2:05 PM Flag

    Nearing a Reversal???

    Based on Point-and-Figure Charting, which is THE technical method for determining stock direction in my humble opinion, FTS needs to hit $4.50 to finally reverse its negative plunge. It's been in this freefall since July. Last time it hit this exact formation on the P&F chart, FTS went from $3.50 to $10 before it reversed back down, all happening roughly between November 1st and January 31st. That won't likely be happening this time, but a reversal would be the first sign of life for FTS in months.