Bull and Bear Fear System

["Jeff Cobb" <jcob@xxxxxxxxxxxxxxxx>]

I have been exploring using the Bull and Bear Fear system written about by
Walter Downs in the Aug. 98 TASC.  I've modified the system slightly as
I've found that a longer time period seems to perform better that the 12
given.  the following is the system.

Enter Long:

n :=27{Time periods};

BullFear := (HHV(HIGH,n) - LLV(HIGH,n))/2 + LLV(HIGH,n);

Cross(CLOSE,BullFear)

Enter Short:

n :=27{Time periods};

BearFear := (HHV(LOW,n) - LLV(LOW,n))/2 + LLV(LOW,n);

Cross(BearFear,CLOSE)

This system seems to make sense and shows very impressive returns on the
following stocks: MSPG, RXSD, BBY, and MEH.  As with most systems I've
either developed or found (such as this one),  this one works well on some
equities and not so great on others.  

Since I don't care to carry every stock on the NYSE, NASDAQ, or AMEX (not
to mention foreing exchanges) on my limited hard drive I would be
interested to know if others have explored this system and what stocks
they've found that it works well for.

Regards

Jeff