Why Technical Studies Are Dying and Why Charts Should Be Obsolete

In this episode of The Option Alpha Podcast I know I'm going to cause some people to have a heart attack. Or at least get really mad at me for starting such a huge debate about stock charts. But I think once you listen all the way through you'll see that with a current YHOO vs INTC example you actually don't need to see a stock chart to distinguish between a "good" or "bad" trade. Pretty cool right?

In Today's Show, You'll Learn About:

• Why people don't even use charts and technical analysis the right way - even if they think TA makes sense.
• Charts are becoming less and less important for options trading and why charts don't reflect that.
• The future of trading for the individual trader will see less importance on technical studies and chart and more emphasis on probability trading.
• A ridiculously clear example of why charts are irrelevant with a current YHOO vs INTC option spread.