The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to be talking about trend line stock charting basics and just helping you get an idea of how to look at potentially, trend lines on a stock chart or how to draw trend lines on a stock chart. Ultimately, a lot of what we’re going to be talking about today though is highly subjective. That’s my biggest rub really with trend lines and with charting or classical chart pattern readers if you want to call them that, is that it’s highly subjective. Now, this doesn’t mean that obviously, there aren’t great people who can do it. I think they are the exception rather than the rule. Guys like Peter Brandt have obviously proven a track record of being really great readers of charts, but I don’t think that’s everybody. I think a lot of people leave chart reading up to interpretation and subjectivity and that can create a lot of different chart styles and trend lines even comparing among your friends and peers. Wh