Technical and Fundamental Analysis
Fundamental analysis attempts to "read the future" by considering different factors that may or may not have a certain effect on price changes. There are a lot of examples in the webinar. One is interest rates. Interest rates are often cited as having a reverse proportional effect on price. When rates go up, prices go down and vice versa. The last crash has demonstrated that it is not always true. And that's the problem with all fundamental analysis.
Technical analysis takes only the data of existing, recent and historical sales and derives trend lines that give reliable and irrefutable guidance to the next move of the market.