What is the difference between the fundamentalist and the technician?

Well, we can use all kinds of fancy, detailed explanations or we can keep it simple.  I choose to keep it simple.

The fundamentalist studies the cause of market movement, while the technician studies the effect.

John J. Murphy, Technical Analysis of the Futures Markets

Personally I do not care why a stock moves in one direction or the other.  I care only about its direction.  I follow the price, or the effect that any number of variables have on the price.  I study what the price is doing.  WHY does not matter to me…only the WHAT.



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