The Delta phenomenon, or, The hidden order in all markets Hardcover – January 1, 1991

After being a technical analyst for more than 12 years, I entered into the world of the Delta Phenomenon with skeptical interest. I had read other Wells Wilder books and found them to be overly simplistic. In that regard, I was not disappointed. But, as I delved into this book I somehow knew the concept would work but, found myself stating again and again, it can't be that simple. Then it came to me, the delta points are Elliott patterns with more clarity.After one reading, I dug into the charts. I was amazed at how close I came on the first attempt. After some minor refinements, I did a Intermediate analysis on 10 years of data manually. I then did a statistical analysis of my results. I have started using Delta Analysis as a part of my technical approach to trading.In my view, this approach to the markets may only be useful to someone with experience in technical analysis, especially Elliot Wave. It may not be the best place to start, on the other hand, for a visual individual, it is better than some of the approaches that I have encountered. Delta is not the holy grail but, if you are interested in learning a technique that will aid in the profitability of your trading, this is it.

Interesting concept. Although I probably won't use this strategy it has definitely changed how I view the markets.

Can't say much more than this about the book. Furthermore if you're colorblind, you might want to reconsider; I am and I've had to use my own methods to over come that malady. Wells Wilder is an acknowledged technical trader and innovator and in view of his earlier work, I'm surprised that he fell for this one. It's relatively easy to find turning points (accurately) but it takes more than that to turn a buck. The book's a bit pricey but if your'e into the unconventional, you might find it interesting.

The Delta time frames are wrong. If you multiply the books time frames by 8, (4x8=32) then you eliminate the inversion problem. I've known this since the late 1990's. Use Yahoo's interactive stock charts to get historical charts to get the solution for a stock your looking at. For a swing trader, you would do your solution using a 32 lunar month time frame, not 4 to get trad-able turn point dates into the future.Edit: additional info here, I have a thread in this trading forum dedicated to the 32 lunar month time frame for gbpusd.[...]Delta still requires much skill in using it properly.

Wow, so the markets move up and down, do they? And it appears that they do so in-step with various other observable phenomena? Only it's not always the same every time, and you have to fudge the answer regularly (inversions), and you have to put your faith in what everyone else would consider to be weird West Coast, New Age ideas? Nah, this doesn't work for me. Even if they're right, it would be soon be "traded away", because the utility of any trading system becomes marginal as soon as it is made public.All this means is that markets allegedly turn according to some pseudo-regular cycle. But we could have figured that out anyway: in any given frame of reference, markets are not going to turn NO times, but neither are they going to turn an infinite amount of times.Don't be sucked in by this - it's attractive, seductive and perhaps makes you want to submit, but this analysis is just as useful as any form of T.A. that requires you to recognise a real-time pattern whilst it is still forming: limited.Finally, it's also HARD to analyse any underlier according to this prescription. Perhaps it once had some use but trust me I've used it and failed. I find other forms of market analysis much more fulfilling and, financially, rewarding. I doubt this Delta phenomenon will be able to help anyone make any money.Sorry, but I'm just a non-believer - even though I've tried for many years to make it work.

Before recieving this book, I had a theory that I should buy any book on the markets which caught my eye. After all, every book has at least one good insight, and that one thing could take me to a higher level of understanding.I also had a high regard for the author, and his Relative Strength Indicator (RSI) was something I relied on daily.Well I did learn a few things from this book:1. It's possible to create a system with rigid rules, but still doesn't provide any insight into what the market will do next.2. You can fill 193 pages with absolutely nothing.3. You can charge outrageous sums of money for something, if you print it on shiny paper, wrap it in leather binding, and hype it heavily.4. Experts with great reputations WILL throw it all away to squeeze out short term profits by misleading trusting admirers. Then generating resentment by threatening legal action for discussing your discontent.Don't this crap.