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Hi Bob:
I have talked about this in a previous post, but don't mind saying it again.
I found in testing the system that longer periods, generally, gave better
results than the 12 periods given in the article. Correspondence with the
author of the article confirmed this observation. I do optimize, being
fully aware of the arguements against over optimization, the period. I
believe this is reasonable as different equities have varying periodicities.
For instance the period I use for CMGI is 44 days. I never found any value
in the POBC except that it sort of paints a picture of where the price is in
relation to the fear levels. However, the system is based solely on price
action with confirmation from the Directional movement indicator.
GT
Jeff
-----Original Message-----
From: Robert Lambert <lambertb1@xxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Thursday, October 21, 1999 4:49 PM
Subject: Re: B&B Fear Alert
>
>
>--- Jeff <jcob3@xxxxxxxxxxx> wrote:
>> Oops. Correct that CMGI price to 102.50. For some
>> reason, this date isn't reported through Reuter's
>> yet.
>>
>> GT
>> Jeff
>>
>> Jeff:
>
>Maybe you posted it and I missed it, but are you using
>12 periods to calculate B&B Fear?
>
>Also, are you using the "Point of Balance" Osc
>mentioned in the original article in any manner?
>
>I think there was another technique mentioned in that
>article called "four bar fear"(?)
>
>Thanks.
>
>Bob
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