This article addresses the following key points:

• Technical analysis is based on the belief that the market is not efficient.
• Technical analysts use indicators that are independent of the company's financial condition.
• Fundamental analysts focus on the financial health of companies.
• Fundamental analysis chooses stocks to buy; technical analysis chooses when to buy for analysts who use both.
• Proponents of strong form efficient market theory and technical analysts are at opposite ends of the philosophical spectrum.