In my opinion, both the technical investors and foundamental investors make the trend together. Although for foundamental investors, speculation may not be their manner. But they often buy a lot of shares and hold for a relatively long period, say more than 1 years. Buffet and Peter Lynch are the examples of such investors. Although they don't want to speculate, what they have done still affect the market. That is they locked a big quantity of shares in the market. As a result, the share supplied in the market will be less. For the rest of share, technical investors would easily push the price up.
Therefore, the trend theory always works. Especially today's investors has learned both foundamental and technical analysis in their school. So technical analysis is becoming a common sense.
In my opinion, small investors could work with both theories. Since they can enter or exit the market very quickly. That's their advantage.
But for the Charted, I think it's still a good buy even from foundamental analysis.
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