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>Is anyone out there a member of Welles Wilder's Delta Society? If so
>,have you received
>his invite to become a director for $10,000? What do you think?
>---------------------------
Mitch, I don't agree with the Delta detractors, unless they have had
some experience. From the negative comments, only one - John Nowak - at
least invested $65 to get the book to at least learn something about it.
That he chucked it was his personal decision - but at least he gave it a
fair judgement: others apparently have not.
J.Welles Wilder is not a scam artist: he's a legitimate technical
analyst (retired) and has impeccable - repeat, impeccable - credentials.
His book "New Concepts in Technical Trading Systems," though written 2
decades ago, is still front-line stuff re: RSI, DMI and Parabolic, just
to name a few. Mr.Wilder, in my opinion, has been of IMMENSE value to
the advancement of technical analysis. I hold only Walter Bressert and
Tom DeMark in similar regard, but Welles is the unquestioned
"Godfather," if you will.
Delta, like any technical trading philosophy, is highly personalized.
That is, it doesn't say the same things to all people, and
interpretations and profitable application of the Delta information IS
difficult. If you have interest in the Delta Philosophy, I recommend you
pursue it further. I am NOT recommending that you dish out $10K for a
Delta Directorship - something you know little about at this stage. But
for $65 (or so), you'd at least be able to get a flavor for what it is.
THEN decide if it's for you or not.
I have been a Delta member (not Director) for 4 years, paid $1,000 in (I
think) 1994, still pay - because I want to - $200/year to continue
membership, PLUS ANOTHER $200/year for the Delta software to plot on one
of my main charting programs, Advanced G.E.T. If you want to build a
house, you have to have tools. In my estimation, with the risks involved
in commodity trading, I want the BEST tools I can find, and Welles
Wilder holds a prominent position in my commodity toolbox.
Tom Beno
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