short term trading week beginning - 1st oct, page-190

I have been a bit too quiet over the last couple of weeks so thought i would drop in and post up some picks for the new format.. ..so here goes:

Entry for STT List

FIE - FA LONG. Firestorm have just released an announcement they have completed drilling 19 holes at their Elephant Canyon Project in Utah. They are drilling for gold in areas mined previously but without current technology. Assay results are due OVER the next 4-6 weeks, so if gold turns up in the assays this one could move.

"To date drilling has encountered numerous ferruginous fissure zones which have been the focus for historical gold and silver mining, and malachite (copper) stained skarn surrounding the Vicksburg granodiorite stock."

Entry for STT List

ANP - TA LONG

Basing this pick on a crossover of the MACD (12,26) and increasing momentum indicators. I have provided a chart below highlighting similar occurrences. I have also pointed out the crossover that occurred after the peak in SP, the difference here is the momentum indicator turned down on increasing volume and the crossover occurred after a peak.

On the 3yr chart the SP had a spike in december 2011 and has formed what could be a pennant/triangle. Current sp action is near the lower boundary.

Happy hunting guys. I will hopefully be a bit more active soon, but alot going on my end unfortunately so trading hasnt been my number 1 priority...