What is the difference between technical and fundamental analysis?

The key difference between technical analysis and fundamental analysis are as follows.
1.      Technical analysis mainly seeks to predict short-term price movements, whereas fundamental analysis tries to establish along term values.
2.      The focus of technical analysis is mainly on internal market data, particularly price and volume data. The focus of fundamental analysis is on fundamental factors relating to the economy, the Industry and the firm.
3.      Technical analysis appeals mostly to short term traders, whereas fundamental analysis appeals primarily to long term investor.
4.      Technical analyst looks backward whereas fundamental analysis looks forward as well as backward.
5.      Technical analyst thinks that stocks market behavior is 10% logical and 90% psychological whereas fundamental analyst thinks that the stocks market is 90% logical and 10% psychological.
Famous / Renowned Investor’s like Warren Buffet, Raamdeo Agarwal, Ramesh Damani, Peter Lynch rely mainly on fundamental analysis while making investment decision.