Stocks & Commodities V. 27:3 (58-60): Surviving The Test of Time With J. Welles Wilder by Brian Twomey

Stocks & Commodities V. 27:3 (58-60): Surviving The Test of Time With J. Welles Wilder by Brian Twomey
Item# \V27\C03\051INTR.PDF
Availability: In Stock

Product Description

Surviving The Test of Time With J. Welles Wilder by Brian Twomey

J. Welles Wilder is an author, market technician, and inventor of indicators and trading systems that have become classics over time. Without Wilderís contributions to technical analysis, it would be hard to imagine what we would have in the field, considering so many of the basics are derived from his work ó relative strength index, average directional movement index, directional movement index, average true range, parabolic stop & reverse Ö and thereís more that will influence traders for many years to come. Wilder also founded Delta Society International, expounding the theory of the delta phenomenon in the 1980s, about what he refers to the perfect order of the markets.

Wilder is the author of four books: The Delta Phenomenon; Wisdom Of The Ages In Acquiring Wealth; Adam Theory Of Markets; and his most famous work, New Concepts In Technical Trading Systems.

STOCKS & COMMODITIES contributor Brian Twomey conducted this interview in July 2008.

Earlier interviews alluded to your degree in mechanical engineering from North Carolina State University and your prior work as a real estate developer before your career in trading. Were you born and bred in North Carolina?

I was born in Norris, TN, in the middle of the Great Depression. My father, who had a masterís degree, worked on a Tennessee Valley Authority coffer dam with a pick and shovel. In my first three years, we moved from state to state before we ended up in Greensboro, NC. And that has been my home for the last 70 years. Since 1986, I have also had a home in Christchurch, New Zealand.

Using work from your book The Delta Phenomenon, could you expand on the perfect order of markets in relation to movement and time? What does this say about todayís market watchers and technicians?

All markets have a perfect order in five different time frames. The shortest time frame is intraday or a four-day series. The longest time frame is 19 years. There are only two markets with enough data to solve for the super longterm delta order. Those are the Treasury bonds and the stock market.

Each perfect order relates to two things. First is the number of turning points in the series for that particular market, and second is where the inversion comes. The inversion always comes at point 1. For example, letís say that a market has 10 turning points. From point 1 to point 10, there is a high/low order or a low/high order that this particular market follows.

This order of the markets is the number of points and at which point the inversion can occur. This order is perfect, and once it is discovered, it will never change. Although the delta points have a perfect order according to these parameters, the exact placement of the points is not perfect.

*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at users can view the S&C Digital Edition in the subscriber's section on

Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order