You need to upgrade to 0.8 atleast. forever-monitor requires node 0.8.x. See here.
You can check the node version required for a particular package by looking for engine
field
npm view forever-monitor
{ name: 'forever-monitor',
description: 'Core forever process monitor',
'dist-tags': { latest: '1.1.0' },
...
engines: { node: '0.8.x' },