The selling of dollars by traders which follow fundamental would trigger, a downward movement in U.S. dollar against other currencies. The technician watching his charts while Greenspan spoke would notice a plunge in the dollar on the charts. As different exchange rates began new trends, the technician would change his position in the market. In scenario just described, the technician follows the lead of fundamental analyst. On the other hand, through watching the market technicians can track the combined selling of all fundamental analysts.
Fundamental analysts have the ability to follow a limited number of topics at one time.
If one is occupied listening to Greenspan give a speech, one is not able to simultaneously follow events going in Germany and Latin America. Thus, the technician indirectly through price movements may have a more complete perspective of all the activity unfolding than a fundamentalist. One does not need years of training to use technical or fundamental ideas in ones trading. Some reading and a lot of practice, go a long way. In the News section of the Deal-Station , one will find a plethora of both technical and fundamental trading ideas.