|
PureBytes Links
Trading Reference Links
|
>GSukumar wrote:
>
>I've heard a lot about Welles Wilder's book "The Delta Phenomenon."
>Unfortunately, I haven't found anybody to talk to who has actually read
it.
>However, I have read the few good reviews there are out there. I would
love
>to know what u guys think about it, especially if u have read it.
Thanx.
>
GSukumar,
Many of us believe that price travels from Fibonnaci node to
Fibonnaci node. If one were to derive the Fib ratios from scratch from
the equation of the circle, the existence of the x and y axes in the
radius would imply that ratios work just as strongly in the time axis as
well. Many use the method of projecting Gann dates. And many follow the
clock of planetary cycles for market cues. I'm sure there are myriad
methods of accounting for time that I haven't mentioned here.
Delta is none of the above. Since time is linear, it doesn't
retrace in up and down motions, but mirrors itself forward. And it
repeats. Delta is a simple, graphical way of determining the location of
the time nodes, and establishing a pattern of repetition that, once
determined, can be referenced indefinitely with little further work. It
achieves the results of the methods above in a much simpler, more
contextually significant manner, in my opinion. If you are wondering why
no one lays out the details of the method for you, it is probably
because those who use the method are honoring Welles Wilder's implied
request that we not do so. I have bought many trash books in my time and
feel strongly that The Delta Phenomenon was not among them. If you have
difficulty locating the book try www.deltasociety.com.
Good Trades to You,
Darrin Vernier
______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com
|