Fundamentals work in long term.. but in long term, we all will be dead. I started as great believer in Fundamentals but after consistently loosing money thru FA based trading, now I give more weightage to TA. Here I can define my timeframe, do my analysis and make trading decision in my timeframe.
For most of my trading, TA is the starting point. but there is lot more to trading then just TA.
More you know about TA, more confuse you will be about the analysis because, when one indicator gives buy signal (say MA Crossover), you can find another indicator (say Stoch/RSI) givig sell signals.
Thats when you start loosing faith in TA. The way out from there is to define your favourite indicators, understand them beyond typical academic deifinition given in various TA books, develop your strategy, backtest them and gain confidence in your indicator.
Once you have a profitable strategy that suits your personality, then You can very well forget all TA and still make money in the mkt based on one single strategy.
Happy Trading and long live TA.