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Thank you for taking the time to personal name me and drag me back into
this.
An open opinion was invited and I gave a reply. I do not wish to give the
impression I attacking or in anyway contesting anyone's reputation or
position in the community. I bought the book TheDelta Phenomenon and tried
for one year to see if I could get the system to work, and it does...on
paper. In real trading .....SORRY.....for me it was a money loser.
I am getting lot of private fan mail form happy Delta members, so if you are
reading this....I am very pleased your Delta points are where they should be
and you've done an excellent job whenever there was an inversion.......Have
a good day. I think I'll go and check where we are in relation to the next
full moon.
John
Tom Beno wrote:
> >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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