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I haven't done any in depth analysis yet, but when I changed the time
periods to 24 (for no real reason) the indicator shows some real promise
when coupled with a simple 5M/A crossover of the same M/A displaced 5
periods.This is when applied to some stocks here in Australia.
Good trading,
Greg
-----Original Message-----
From: Jeff Cobb <jcob@xxxxxxxxxxxxxxxx>
To: Metastock@xxxxxxxxxxxxx <Metastock@xxxxxxxxxxxxx>
Date: Sunday, October 25, 1998 10:57 AM
Subject: Bull and Bear Fear System
>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
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