After reading the logical trader I just basically realized I use alot of the methods already intuitively after spending 5 years trading and studying the markets. I love the number line concept. It's basically just a momentum indicator. I think Mark would like that bonds trade because it seems, at least imo, that every person on the street is bearish bonds and it looks like a bunch of them might have gotten trapped.
The number line is not a momentum indicator although it can show momentum. It's more of an indicator of internal strength or weakness. Think of it more like the market internals like TRIN, Avancers/Decliners, upvolume/downvolume. As Fisher likes to say, the number line is the market's vitals as is in the vitals on your health. Someone could look great on the outside but internally could be a heart attack waiting to happen. The number lines show internal price action. It shows you strength BEFORE the momentum. Any tom, dick or harry can buy XYZ when it's breaking out to new highs. The idea is to get in early and to be able to qualify the legitimate strength or weakness.
Bonds already hitting their QTR A up on the 5th trading day of the QTR! I've gone over this 100 times. You guys know what that means.
The Yen pairs all blew through their monthly and QTR levels as well with USD/JPY and AUD/JPY about to confirm on the 30 day! This is after the re-set btw.
And for you stock gamers out there, GOOG bounced off both the QTR and Monthly A down today. The 5 day line confirms it's a safe fade. Good low risk entry right here....right now.