In 1984 Welles Wilder founded the Delta Society International.

Over 100 people applied to learn the secret of the perfect order in all markets. 72 were selected and each

paid $35,000 to learn the secret. Now, because of achain of events which I will explain later…

The Delta Secret is Out!

The Delta Secret is Out!

Please read on tolearn more…

Y E S —The Delta Secret is Out!!!!

I t is now available to anyone who wants tolearn it. The price is not $35,0000—but 1/2

of one percent of $35,000—or $175. The book,THE DELTA PHENOMENON, was recently madeavailable to traders. Suddenly, traders and marketanalysts worldwide learned the hidden order inmarkets. They learned that understanding this phenomenon makes all markets predictable on eachof the five Delta time frames! Let me show you…

Y E S —The Delta Secret is Out!!!!

Dear Investor:

My name is Welles Wilder.

Those who know me wellknow that I am not given tovain statements or carelessexaggerations. All of thestatements in this letter are true. When you read my book, I’m surethat you will agree.

I never thought, even in my wildest dreams, that I would everreveal the DELTA secret to the public. I must admit that I don’t knowwhat the impact will be on the markets.

Anyone who reads this book can figure out for himself the futureturning points for any market on each of the five DELTA time frames.He can figure all these turning points as far into the future as hew a n t s .

Once you really understand how powerful this information is, youwould pay almost any amount of money for it. I did — and so did 72o t h e r s .

When you read this book you will see why in June 1987, I wrotethat DELTA was predicting a crash similar to that of 1929. The thingis that anyone who looked at the chart with the DELTA overlay wouldhave predicted the same thing. He could even have predicted it 100years ago!

When you read the book, you will be able to predict every majortop and bottom in the stock market for the next 1000 years or longer!

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When you read thisbook you will be able topredict which days PorkBellies will make their highsand lows. Notice I did notsay highs o r lows — you willknow which day the highwill come a n d which daythe low will come.

You will be able to dothis because you will knowPork Bellies’ unique “lock-in” to the basic order in allmarkets. You will be able tofigure out the “lock-in” forany other marketthat is currentlytrading (or even anynew market that maybe devised in thefuture). You will alsoknow in advance at what time of day the highs and lows will occur forthat market or any other freely traded market anywhere.

I have solved the DELTA order for hundreds of markets on alltime frames and I have n e v e r found a market that did not have itsown “lock-in” to the DELTA order. In all of those markets, I havenever seen the DELTA order fail. As you will see when you read thebook, the DELTA order is perfect!

That doesn’t mean that it is perfectly accurate. Each DELTA timeframe has its own level of accuracy, but the order is perfect. I standbehind every word I have said. What I am saying is 100% true.

THE DELTA PHENOMENON

My DELTA Directors (all 72) know it is true. Each Director gaveme a guaranteed check for $35,000. I don’t know of any

Directors who thought they got less than they expected. On thecontrary, they said they got even more than they expected. It tookone full day, “one on one” to show each Director the DELTA secretin full on all five time frames. Not one asked for their money back!

In this book, the DELTA PHENOMENON, I will show you every-t h i n g I showed them about the DELTA secret on all five DELTA timef r a m e s !

I spent many months applying the secret to manymarkets until I was satisfied that it was realand never changed, even 200 years in the past.

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Now before I go on, I must pause and tell why I had to publish thisbook. Many of you will remember the publicity about DELTA in 1984.For those who don’t, the DELTA secret was discovered by Jim Slomanworking alone in Chicago in the summer of 1983. The full story is inthe book, but in short, Jim sold the secret to me. The amount I paidJim for this secret was over $1,200,000.00!

I spent many months applying the secret to many markets until I wassatisfied that it was real and never changed, even 200 years into the past.

I founded the DELTA Society International and offered two kindsof membership. A regular membership cost $3,500 and was gooduntil the year 2000. A Member received the DELTA turning pointsfor one year at a time for 25 commodities on threeDELTA time frames. The annual renewal fee was$200 per year.

A DELTA Director membership cost $35,000 andlasts for the lifetime of the Director. In addition towhat a Member received, a Director learned theDELTA secret, plus the Super Long Term and theShort Term DELTA which gives the intra-dayturning points.

I put out a monthly letter to Members andDirectors which updates all markets and indicatesthe inversion time windows where the high/lowrotation could change to a low/high rotation. I also point out poten-tially profitable trading situations.

Everything was going along as smooth as silk until one recentsummer. An almost unnoticed ad in a national newspaper started achain of events that resulted in the publication of this book.

On the day the ad was published, two of the DELTA Directors,from different parts of the world, called me regarding the ad. Theywere concerned that the DELTA secret — for which they had eachpaid $35,000 to learn

One of them faxed the ad to me and I must admit I was shockedand alarmed by what I saw. Someone was offering a book for salewhich revealed the secret of “the most important discovery ever madeabout the markets.”

The ad layout and wording were almost identical to the ad I hadpublished in newspapers and magazines all over the world in 1985and 1986 regarding THE DELTA SOCIETY INTERNATIONAL. Iknew immediately that nothing on this planet but The DELTAPhenomenon could make the claims that were in that ad.

My Delta Directorseach gave meguaranteed checksfor $35,000…theysaid they got evenmore than theyexpected.

AN EMERGENCY MEETING WITH MY ATTORNEYS

Icalled an emergency meeting with my attorneys and we set out acourse of action. We sent a registered letter demanding that the

person cease immediately from publishing my ad and expressed ourfears that he was knowingly involved in an illegal scheme thatinvolved a breach of contract. We also asked for a book.

The person hired a lawyer who exchanged letters with my attor-neys. He admitted nothing and tried todefuse the issues. He would not send us a copy of the book and finally stated that the author had decided to do moreresearch and rewrite the book — what-ever that means!

It was obvious to all of us involvedthat the secret was out and it was only amatter of time until someone would tryto capitalize on it. It was also obvious thatone of the DELTA Directors had b r o k e nhis contract not to reveal the secret.

I must admit that at first I wasdevastated by this turn of events.Then, gradually, as I began toconsider the options, a plan began to take shape.

A PATENT ON THEDELTA SECRET MUST BE OBTAINED

First, I would obtain a patent on the DELTA secret. Then I wouldwrite the only original and proper book revealing the secret in its

entirety. I would give back to the DELTA Directors three-fourths ofthe profit from the book. Although the book would fully revealeverything I had taught to each DELTA Director, the purpose of thebook would be to convey to the reader the ability and know-how tofind the DELTA order — in a n y market for a n y DELTA time frame.

With this book and its many examples and guidelines, a n y o n e c o u l dfigure out the keys!

The book would enable anyone who purchased it to duplicate thework that Jim Sloman and I had done in solving any market for DELTAon any of the five DELTA time frames. However, since the DELTA

I called an emergency meetingwith my attorneys and we set out a course of action.

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Phenomenon is patented, he could not distribute or sell this information— but he could use it for himself.

EVERYONE WOULD BENEFIT FROMTHIS PLAN

The more I considered this plan, the more it appeared that thegains to everyone o u t w e i g h e d the losses. The DELTA Members

would continue to be the only exclusive group to get the futureDELTA turning points and my monthly Members’ letter. They wouldget a copy of the book which would give then the secret of DELTA.They would also have the information on the Short term DELTA timeframe for the examples shown in the book.

The DELTA Directors would still be the exclusive group who

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STANLEY KROLL is one of the most highlyrespected and successful commodity traders andoperators of our time. Mr. Kroll’s impressive tradingrecord at financial achievements have been featuredin numerous leading financial publication. In TheMoney Masters, by John Train (Harper & Row, 1980)Kroll is featured as one of the nine greatest portfolioinvestors of our time.

Mr. Kroll has authorized numerous articles and two highlyacclaimed books on commodity trading, strategy and money manage-ment which include The Commodity Futures Market Guide(Harper &Row, 1973) with Irwin Shisko. Mr. Kroll is the author of a bi-weeklycommodity column for Financial Worldmagazine and is currently atwork on a new book on commodity investment strategy.

“I have reviewed over 500 years of charts that have been set up with the DELTA holographics and 50 pages ofcomputer tabulated analysis of DELTA phenomenon. I alsocarefully studied this brochure before it was printed. Basedon my analysis of DELTA, I can state that I have confidencethat the facts and projections contained in it are true.

I think the Delta studies, when used properly, as Wellesdocuments in his material, will give the trader a unique anddefinite advantage in the markets whether he be a speculatoror a hedger. It is an honor to be included as a Charter DirectorMember of the DELTA SOCIETY INTERNATIONAL.”

The Experts speak out…The Experts speak out…

would have all of the solutions to all markets that I had solved, forboth stocks and commodities. They would also be the only exclusivegroup to have all the future DELTA dates on all time frames on allcommodities and stocks — as far into the future as they want for theirl i f e t i m e .

Both groups, the DELTA Members and Directors, would beprotected by the patent. Obviously, the readers of this book would benefitfrom the revelations put forth for a small fraction of the original cost!

To make a long story short, I sent a comprehensive report to eachDirector detailing the legal action I had takenand was continuing to take. I laid out my planas outlined above to write and publish theproper and only DELTA book. I asked them tosupply their comments and suggestions and tovote as to whether or not I should proceed.

The vote was almost unanimous. That is why youare reading this letter.

But let me tell you more details about DELTA...

HOW DID THIS THING COME ABOUT?

Iwish that I could say that I discovered this phenomenon, but I’mnot that smart. It all began with a phone call. It was the second

week in September 1983. The essence of the conversation went liket h i s :

“Mr. Wilder, my name is Jim Sloman. I have discovered somethingabout the markets that I want to present to you.”

“What is it,” I replied, “...a trading system?”

“It’s not a trading system although it could be used to trade themarkets. If you will come to Chicago, I will show it to you.”

I replied that I had received phone calls of this nature before andhad been on a number of wild-goose chases, and was not too interestedin going on another one. Could he just tell me over the phone what itwas he wanted to show me and why he wanted to show it to me.

Jim replied that he could only show it to me if I came to Chicago.He insisted that it would certainly be worth a day of my time. I askeda few questions as to the nature of his trading method.

“Does it follow or predict market action?”

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The vote was almostunanimous. That is whyyou are reading thisletter.

“ P r e d i c t s . ”

“Does it involve Fibonacci numbers?”

“ N o . ”

“Does it have anything to do with theworks of Elliott or Gann?”

“ N o . ”

“Or Andrews or Dow or anybodye l s e ? ”

“ N o . ”

“Is this a com-pletely originald i s c o v e r y ? ”

“ Y e s . ”

At this point I was getting interested and the answer to my nexttwo questions clinched it.

“Why do you want to show me your discovery?”

“I need a very large sum of money to begin another project.”

“How will I know its value in order to make a decision?”

“Come to Chicago and I will show it to you. At that point you candecide whether or not you want to buy it.”

Several days later I caught the 8:00 AM flight to Chicago and Jimmet me at the airport. On the way to his apartment, I directed theconversation toward learning something about him.

Jim Sloman is a very gifted person. His intellectual abilities werefirst recognized in high school when he placed among the top in the country in a national exam given to all senior math students.Subsequently, he was awarded a National Merit Scholarship toPrinceton University where he studied math and physics in specialadvanced classes.

Jim had done many different things since college, looking for anelusive fulfillment. He started out on the corporate ladder, becamea high achiever but felt that something was missing. He wrote anovel, and studied film directing at Columbia University. He hadbeen a stock broker and briefly a commodity trader, but he left thatprofession because he felt that he did not have the right tempera-ment for it.

It all beganwith a phonecall I received inthe second week of September 1983.

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Soon, we were sitting in Jim’s living room chatting and I wasscheduled to catch the 5:30 flight back home.

“How long will it take to show me your discovery?”

“Not long,” said Jim, “but first if you wouldn’t mind, I would like totell you how this thing, DELTA, came about.”

“Is that what you call it, DELTA?”

“Yes. DELTA is a Greek letter derived from a word meaning ‘door’,in this case a door to the unknown. It also means for me the word‘diagnosis’, a diagnosis of the markets. A few months ago I beganthinking about the markets in a way that was different for me. Iattempted to find out if there was some kind of order in all markets. Ivisualized the markets as being a hologram. Do you know what ahologram is, Welles?”

“Yes, a hologram is a projection in three dimensions.”

“Right. Do you know how one is made?”

“ N o . ”

“A hologram is made by projecting laser lightthrough a holographic negative — much like aphotographic negative. However, if one looksat the holographic negative with normallighting, it looks like mass confusion. Whenlaser light is projected through the negative,then the three dimensional hologram appears— the confusion is replaced by perfect order. ”

“This was my approach to finding order in themarkets. Suppose the holographic negative was the markets — massconfusion. If, so to speak, I could find the right laser to shine throughthat negative, if there was order there, it would be immediately obvi-ous.”

He asked me to come into the kitchen and sit down at the table.“Here is a regular bar chart of the last nine months of the S & P’s.It’s mass confusion. Now look at the same chart with this projectionon the chart. Just study it for a minute.”

I looked at the chart. It was overlaid with colored lines andnumbers. It took about five seconds for it to hit me — to comprehend what Iwas seeing. I simply could not believe the answer was that simple. I suddenlyfelt a sense of awe — like my eyes were opened and I was seeing something thatno one else had ever seen. I felt like the person who had spent a lifetimesearching for something, and ended up finding it in his own back yard.

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“Not long.” said Jim,“but first if you wouldn’tmind, I would like to tellyou how this thing,DELTA, came about.”

Suddenly, Jim brought me back to reality with a question.

“Welles, where is the next turning point for the S & P’s?”

“Why, it’s right here,” I exclaimed, pointing to a place on the chartabout two weeks in the future from the last daily bar. It was suddenlyso clear.

“Right,” said Jim, “and obviously it will be a top. Now where will thenext bottom come after that top?”

“Right here,” I answered, feeling a spine-tingling sense of wonder. Itwas obvious that I was shaken by what I was seeing. “Let’s see someother charts.”

THE DELTA DEAL UNFOLDS

For the next several hours Jim explained the discovery to me. I looked at fifteen different bar charts of fifteen different

commodities under the projection of Jim’s colored lines and

“…I attempted to find out if there was some kind oforder in all markets. I visualized the markets as being ahologram…”

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numbers. It was obvious that there was an order that the marketsfollowed. Each turning point did not necessarily come on the exact day that it should have, but it was incredibly close — within two or three days in most cases. I knew what this order was and I knew what was causing it.The realization slowly sank in that with this knowledge I would always k n o wwhere the intermediate turning points would occur — with very highprobability and as far in to the future as I wanted!

“Jim, this looks incredible on these fifteen charts for the last ninemonths, but how do you know that this will hold up going back in thepast and going ahead in the future?”

“I’m quite sure that it will continue as you see it now in the past or inthe future because what causes it never changes, but you will just haveto prove this to yourself. There is one other aspect to this that will verifyit for you. DELTA also holds true in a long term perspective on eitherweekly or monthly charts. Here is a monthly chart of Live Hogs since1962 with the projection on it.”

I studied the monthly chart since 1962 and again was awed by thebeauty of it. The significance of what I was now seeing did not escapeme. The long term DELTA gave the major direction and major turningpoints. Using this with the intermediate term DELTA gave the c o m p l e t ep i c t u r e!

The long term DELTA gave themajor direction and majorturning points.Using this withthe intermediateterm DELTA gavethe completepicture.

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*Publishers note: Commodity trading has large potential rewards, but also large potential risks. You must beaware of the risks and be willing to accept them in order to invest in the futures markets. Don’t trade with moneyyou can’t afford to lose. Past profits are not necessarily indicative of future results. This is neither a solicitation noran offer to buy/sell commodity interests.

The materials described in this brochure are being distributed by British American and are intended to provideaccurate information from sources considered to be reliable. They are distributed with the understanding thatBritish American is not rendering any professional services; disclaims any warranty concerning informationprovided; and assumes no liability for advertising claims. Statements and opinions expressed in any materials donot represent those of British American, which assumes no responsibility for content.

It had been several hours since we arrived at Jim’s apartment and Inow knew both the long term and intermediate term DELTA. Jimsensed that we had come to the moment of truth.

“Well, Welles, is DELTA worth what I am asking you topay for it?”

I thought to myself, of course it is worth it, andwhat’s more, I already know it.

“Jim,” I answered, “let me see if I understand this deal.If I pay you this sum of money, does it mean thatDELTA is mine to do with as I choose? Does it evenmean that I could take credit for discovering it? Does itmean that you will tell no one else the secret?”

“Exactly,” said Jim. “I would like you to know my feeling on twothings. One is that I would like to think that this knowledge will not die with you. I would like you to make the fruits of it availablesomehow. The second is that you would give me credit for discoveringit. However, DELTA is yours — you do not have to do either of theset h i n g s . ”

“Would you also agree to consult with me if I should have any ques-tions on this in the future?”

“Yes,” Jim replied.

I said, “Jim, you’ve got a deal.”

I sat down and wrote Jim a check for a very large sum of money.

Handing Jim the check, I had another question. “Of all people towhom you could have chosen to sell DELTA, why me?”

“Welles, I read one of your papers, and something said to me, this isthe person that should have it. The only way I could sell it was to firstreveal it to a buyer — then once he knew it, why would he buy it?This was my problem. Somehow, I knew you would pay for it evenafter you knew it.”

“Jim, I’ll have to admit, the thought flashed through my mind tomake you a counter offer for less money. Then I remembered thatjust two days ago I found out unexpectedly that I was going to receiveexactly this sum of money from an investment that I had made severalyears ago. I have learned that when things come together like that,you don’t fool around with them. Too many good things havehappened for me not to believe that there is a reason behind them.In the same way that you trusted me with DELTA I trust you whenyou tell me that you will tell no else about it.”

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I thought tomyself, of courseit is worth it,and what’smore, I alreadyknow it.

MORE VERIFICATION

On the plane back home that night, my mind was racing over the different courses of action to take from here. There was so

much work to be done. Each market had its own characteristicsrelating to DELTA. Jim had identified these characteristics for theintermediate term for fifteen markets and for three long termmarkets. Also, I wanted to go back about ten years or so for eachcommodity and tabulate the intermediate term DELTA turningpoints. To tabulate the long term DELTA turning points requiredgoing back even farther than when the data was available.

I decided to commit all of my time to this project. To remaincompletely objective and undisturbed I would refrain from tradinguntil the project was complete. For the next few months, I rarely went

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JOE GAGLIANO completed a career in the Air Forceas a fighter pilot and participant in the astronautprogram. In the early seventies he founded COMMBASIC ASSOCIATES and became one of the pioneersin the development of technical trading software.Before COMPUTRAC Mr.. Gagliano had put togetheran elite software trading package which is used byhundreds of traders worldwide.

COMM BASIC, located in Dayton, Ohio, supports the users groupand continues to develop state-of-the-art software which now includessystems to help the farmer and producer in marketing his productsutilizing the future markets. Mr. Gagliano has lectured at numeroustrading seminars and demonstrated his software packages in manyparts of the world.

“When I read the printer’s copy of this brochure andWelles invited me to be a charter member, I knew that Iwas going to learn something important. At first glance itwas unbelievable and after a few minutes I realized that Iknew right then what each market would do between nowand the first of the year.

Nothing else I have seen solves the two basic issues oftrading—timing and direction. Long term DELTA gives theturning point, the direction of the trend. It’s like having aflight plan prepared for your trade. You know the directionyou are going and how long it will take to get there.”

The Experts speak out…The Experts speak out…

in to the office, but stayed home and worked where there were noquote machines or telephones to distract. Six months later the projectwas almost finished. I had applied DELTA to more than two hundredyears of daily charts covering twenty five com-modities and more than three hundred years ofmonthly and weekly charts. It was unbelievablehow the accuracy of only nine months of chartsthat I brought back from Chicago held upthrough all these years. Of course, Jim knew itw o u l d, but I had to prove it to myself.

During this intensive study it became more and more apparent how DELTA is the basis of allmarket movement. DELTA is not a market follower— it is the reason for market cycle phenomenon.

When the study was almost finished Icalled Jim and invited him to cometo my office for a week to verify myfindings. When Jim arrived we bothworked night and day on theproject. Jim went over every chartin detail. He also worked out thelong term DELTA for the rest ofthe markets.

THE DELTA MISSION

During the last six months of research and study into DELTA, athought kept popping up in the back of my mind. The DELTA

discovery was too significant not to be shared in some way with others.The secret must be kept secret but the results and capabilities ofDELTA should be shared. The secret also would have to be passed onto succeeding generations, but how could this be done? I consideredpublishing a DELTA trading letter but just couldn’t fathom the ideaof being tied down to getting out a letter every week.

Since September, I had been following DELTA every day on mydaily bar charts. I had made an overlay for each chart which showedthe location for the DELTA intermediate turning points. I began todraw vertical bands on the chart where the future DELTA turningpoints should be. Usually the turns came within plus or minus a dayor two of the midpoint of the band.

One day it occurred to me that I could increase the accuracy ofdetermining the turn day if I knew the average of that point for the

DELTAis not a market follower—it is the reason for market cyclephenomenon

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“Recently, I received your Delta book. Iread through it in one weekend and Imust say I was truly amazed. It is trulya fascinating discovery and (I) appreciatethat you made this book public. T h eDelta Phenomenon is truly revolutionaryand both yourself and Jim Slomandeserve much credit for this discovery.”

SV, Westbury, CT

“Your clear and concise explanation iseasy to follow particularly for someonelike myself who has had little experiencein the marketplace.”

WD, BC, Canada

“Just a note to let you know howthrilled I am with Delta. I paper tradedfor several months, then returned to theUSA and actively traded since August. Iam up about $35,000 (over 100%)since then. Thanks for everything.”

DK, Irvine, CA

“As a newcomer tofutures trading, I hadmade only three tradesbefore buying T h eDelta Phenomenonand had lost moneyon all three!

Since buying the booktwo months ago, Ihave turned my$5,000 account into $9,000 and amvery confident about trading. I read thebook from the beginning as yousuggested and laughed out loud whenthe secret was revealed. I knew immedi-ately that this was the natural order ofthe markets.”

PE, England

“I just got yourDELTA book — and despite all myesoteric studies overthe last 3 years,DELTA is NEW.You have definitelymade a fantasticdiscovery. I just hadto write to thank

you. Your book on the DELTAPhenomenon is superb. Can I say morethan the theory works! It certainly beatsanything I have ever seen or heard of.”

WO, Reno, NV

“I would like to express to you mydeepest appreciation for making DELTAavailable. I have traded markets formany years, and I learned that one musttread very lightly to survive. Still, Ialways had a feeling of uncertainty andinsecurity in making decisions. Now, themental strain is out of the tradingprocess, and I am actually enjoyingmyself. Thank you again.

I ask myself, can anyone who has hadaccess to the DELTA information evergo back to trading markets withoutthinking, “I wonder what DELTA saysnow! In my 13 years of trading futures,DELTA is the best thing I have runacross.”

BB, North Carolina

“The claims sounded too fantastic notto be true. Being a nuclear engineer bytraining and a software programmer byvocation, I decided to investigate theDELTA theory by my own methods. Itseemed to me that the best way tofollow the theory was graphically, so I

What They’re SayingAbout DELTA…All the letters from which these comments were taken areon file at our office. They are available to anyone whowould like to drop by and ascertain that they are authenticand unsolicited.

What They’re SayingAbout DELTA…All the letters from which these comments were taken areon file at our office. They are available to anyone whowould like to drop by and ascertain that they are authenticand unsolicited.

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altered some pieces that I had writtenfor some other commodity programsand came up with my own version ofDELTA Graphics. The more commodi-ties that I followed the more sure Ibecame that DELTA is for real.DELTA is truly extraordinary!”

DP, London, England

“Your Delta Phenomenon is fantastic. Iam convinced. And I want to take thisopportunity to thankyou for publishingThe DELTAP h e n o m e n o n. Yourmany months ofeffort will beappreciated byanyone whopurchases yourmomentous work.”

SC, Arnolds Park, IA

“This weekend I read your book in a couple ofhours and thoroughlyunderstood it. It is thebest “reality testing”spine-tingling “novel” onfinancial matters I haveever had the privilege toread. You are both agifted trader and writer.”

MD, Switzerland

“...EVERYBODY has a system. Howcurious. Perhaps that is why I am sopleased with my purchase — it ISN’T asystem! But it sure has changed myperception of the markets. I was able tofind all the hi and lo points in theagricultural markets. You wrote thatthere was enough in the book for one tofigure out for one’s self — I appreciatethat — I admire your honesty.”

TR, Missouri

“A few days ago, I received The DeltaPhenomenon. It’s reading has been a

shock for me. It wasso exciting that Icould not leave thebook before the lastpage. Your book hasconfirmed that themarkets are driven bysome forms of regularand basic rhythms.Now I understand the

behavior of the markets: correlationbetween and in markets, why indicatorslike oscillators, momentum, cyclestudies, etc. sometimes work andsometimes don’t. Thank Jim Sloman forthis essential discovery and thank youfor making it available to the trader.”

EN, Belgium

“It is hard to imagine someone readingthe book, understanding it, and thenthinking of trading without using itsprinciples. The Delta concept makesyou look at markets as being a part of auniversally psychological rhythm. Thefact that you can have that directionbias working in your favor on differenttime scales radically changes the natureof trading.”

GW, North Carolina

“First, thank you very much for sendingyour very interestingbook, The DeltaPhenomenon. Yourbook has substance, aclear language, a niceoutfit or in a fewwords, it is just great.Your book has given a

new perspective to me...”HB, Switzerland

“I am very impressed with the formatand presentation of Delta. At first, Iam sure many would doubt the claimsmade by yourself regarding Delta.However, after a few days of intensestudy, I can see the merits of Delta as itrelates to my trading style. It serves asan excellent timing tool in my portfolioof trading strategies. I have scrappedmy cycle tool for Bonds as Delta

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provides a much better window ofopportunity. Daily (Delta) charts areinteresting, but I have found weeklycharts exciting...”

DC, Chicago, IL

“I recently purchased The DeltaPhenomenon(registration1200935) and ofcourse, I wascompletely fasci-nated. It clearly is anamazing discovery.

I have done furtherresearch into Deltaalong with generalphenomena of cycles. Delta is truly anamazing and powerful discovery. Igreatly respect your contributions to theanalysis and understanding of thecommodity markets. Thanks again foryour kind response...”

JS, Indianapolis, IN

“I am a student of themarket and recognize theextraordinary when I seeit, and you have found the“Holy Grail,” you and JimSloman. My congratula-tions to you both.”

CB, Buffalo, NY

“I’ve just returned to the markets with anew viewpoint and now your revelationsare icing on the cake. Your book entitledDelta Phenomenon gives direction tomarkets — you learn to plan for marketmoves rather than react to them. Manythanks for tying a lot of loose endstogether. After reading the book, veryprecise decisions are easy to make.”

LC, Escondido, CA

“As a full time trader, I am alwaysinterested in any new ideas that willincrease my bottom line. The method -ology is unique and the timing is souncanny it’s scary. Thanks for making

such excellent material available tothe public.”

LR, California

“Thanks so much for publishing The Delta Phenomenonand making itavailable to those of us who reallywanted it. It’s not often that one getsone of the most important secrets in theuniverse for $175. I called you last fallto tell you that I thought I had foundthe secret of Delta. Boy, was I wrong!Once again, thanks to you and JimSloman.”

GR, Poland, ME

“The dictionary does not seem tocontain the words that can adequatelydescribe my feelings of awe at hisdiscovery and my sense of gratitude toyou for bringing that discovery to thenotice of a range of people who couldappreciate its value.

I am obligated beyond words to youand Mr. Sloman. Though my earningsare not as dramatic as $1 million, Ihave managed to build my capital from$160,000 to roughly $300,000 sincelast August when I started using Delta.I ascribe 95% of that success to Deltaand allow only 5% of my sweat as acommodity trader (since 1978) as theremaining factor.”

CW, Spring Valley, CA

“WOW! Receivedyour classic master-piece, The DeltaPhenomenonand allI can say (besidesWow!) is thanks amillion—it enlight-ened me andexpanded mydimensions of

viewing the markets — now it makesme feel connected to the universe andfor the first time I feel the ebb and flowof the markets...”

BC, Boca Raton, FL

“Welles, Pure Genius! Many thanks.”HM, England

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documented history of DELTA for that commodity. Taking it onestep further, I posed the following problem — What day, plus orminus two days, will have the highest accuracy? How about plus orminus three days — or four days? How about a way to rate theaccuracy of each turning point?

I already had the data necessary to determine this from the twohundred charts. It was just a matter of designing a computer programto analyze and categorize the information. Several weeks later I hadthe print-out for each commodity which I kept with each chart. I nowknew the probability that the turn would occur within a specific timeframe for each point. I also knew which turning points had a historyof being the most accurate.

After utilizing this information for afew weeks, I had another idea. With thisnew information, it was now possible todesign a computer program that wouldprint out the turning points with theprobabilities for all commodities for anydate — past, present or future. Thisthought was staggering, yet all of theinformation was available to do it.

I designed a computer programand put my programmer to workon it. He did a brilliant job on thatprogram and had it completed insix weeks. Now all I had to do waspunch in today’s date and theinformation on the current turningpoints of all commodities would beprinted in seconds. Also, I was ableto structure the program so that it could be done without knowing thesecret of DELTA. The program contains the results of DELTA, but notthe secret. This is significant, because it means that the secret could notbe learned even if someone were able to decipher the object code ofthe program. (By the way, my programmer doesn’t even know thes e c r e t ! )

All of the pieces of an idea for sharing DELTA had come intoplace except one. But who would believe it? I could offer to sell orlease the computer program that gave the DELTA turning points, but there was no way I could prove that DELTA was so unbelievablyaccurate without actually revealing the secret as a part of the proof. Imulled this over for a couple of weeks and then one morning at 3:00AM the solution came. The answer was THE DELTA SOCIETY

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It was now possible to design acomputer program that would printout the turning points with theprobabilities for all commodities forany date—past, present or future.

I N T E R N A T I O N A L .

THE DELTA SOCIETY INTERNATIONAL would be the guardianand perpetuator of the secret. There would be two types of member-

ship — Members and Directors.

Now I was ready to share the DELTA phenome-non and recoup the money paid to Jim Sloman.Please stay with me now — the following is v e r yv a l u a b l e.

THE SECRET OF DELTA

Iam now going to reveal to you the DELTA secret. Ittakes only 16 words.

MARKETS REPEAT DIRECTLY OR INVERSELY RELATIVE TO THETOTAL INTERACTION OF THE SUN, MOON, AND EARTH.

Stop a minute and consider the implications of that statement.The turning points shown on these charts will continue into thefuture as long as the Sun, Moon, and Earth continue in their presentorbits — that is, continue doing what they have been doing since manhas been on this earth.

Does this seem hard to believe? Not when you stop and objectivelyconsider it. Life, itself, is a cycle. Nature is a cycle. The cycle of theanimal kingdom is related to the seasons which are a function of theinteraction of the Earth and the Sun. The tides are a result of theinteraction of the Earth, the Moon, and the Sun. Every second of ourdaily lives is related to this i n t e r a c t i o n — every time we look at ourwatch. What we are saying is that the basis of all cycles is the interactionof the Sun, Moon, and the Earth.

Now, since it is well known that markets also move in cycles, it is buta short step to connect the two and arrive at the conclusion that marketcycles are relative to solar/lunar cycles. That is the DELTA secret!

We still need to make one last connection. What makes man act(and therefore trade the markets) in accordance with solar/lunarcycles? The answer to this is the topic of an intriguing book by Dr.Arnold Lieber titled THE LUNAR EFFECT.

In the book, Dr. Lieber states, “all life forms are cosmic resonators...capable of perceiving changes in the Earth’s magnetic field that arebrought about by the movement of the Moon in relation to the Earthand the Sun.”

“We live in an electromagnetic world. My biological tides hypothesis

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The DELTA SOCI -ETY INTERNA -TIONAL would bethe guardian andperpetuator of thesecret.

states that the human body is susceptible to the same cosmic influ-ences as is the earth and that body processes ebb and flow withgravitational electromagnetic tides.”

“It is reasonable to assume that gravity exerts a direct effect on thewater mass of the body, as it does on the water mass of the planet.The feeling that “this just ain’t my day” may be sometimes extra-terrestrial in origin...A new field of science is evolving: cosmobiology,a unifying border science that will clarify the relationship of man tohis universe according to the laws of nature as we know them or as weare finding out about them.”

And there it is! The reason for what you see on the charts in thisletter. In fact, the charts shown here plus the hundreds of other deltacharts on the five DELTA time frames are proof of Dr. Lieber’sh y p o t h e s i s .

Before you go on, study the chart to the right. In the book there

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RAY FRECHETTE is known worldwide for hisanalysis and application of cycle theory for bothstocks and commodities. Mr. Frechette began hiscareer in technical analysis working with thelegendary Jim Hurst, author of The Profit Magic ofStock Transaction Timing. Later he bought Hurst’scompany and founded Cycle Sciences Corporationand for many years published a technical letteremphasizing the cyclic approach to market timing.

Mr. Frechette has presented his technical trading methods and cyclicanalysis at more than a hundred seminars in the U.S. and abroad. He ishighly respected as a market analyst and for his contributions to thearea of technical trading.

“When Welles showed me the DELTA phenomenon itimmediately became obvious why cycles work well at timesand then do not work well at other times. There is noquestion that DELTA is the most significant discovery yetmade about the markets. Nothing else even comes close toit. I have read the typeset copy of this brochure and it doesnot exaggerate the case. DELTA is the basis of marketmovement.

After studying hundreds of charts and computerized datait is my opinion that the long term aspect of this thing isunderstated. I believe if the long term DELTA were usedonly as a filter it would eliminate most lost trades, resultingin doubling the profits of virtually any good automatictrading system.”

The Experts speak out…The Experts speak out…

are more than 50 additional charts which show this perfect order onstocks, bonds, and other freely traded markets.

IS THERE REALLY A HIDDEN ORDER INALL MARKETS?

If there is n o tperfect order, then the chances that all of the turningpoints (shown on the chart on page 21) could have been known

years before 1991 (for example) are — one in 322 million. To beexact, 1 in 332,687,541! Here is the actual weekly bar chart of T–Bondsfor 1991, 1992 and 1993. Notice how the market followed the previ-ously known order precisely in the correct high/low rotation.

What you are looking at is now known world-wide as the DELTAorder. These chart points are precisely defined because a DELTAhigh must be the highest high between the two DELTA low pointsand a DELTA low must be the lowest low between two DELTA highp o i n t s .

These turning point dates and their high/low rotation were knownby Members and Directors of the DELTA Society International b e f o r e1991 began. Just a few years ago — 72 people paid $35,000 each to

learn the DELTA order. This information isnow available to you — for just $175!

IT’S HARD TO BELIEVE, BUT IT IS THE TRUTH

Pick a year — then pick a commodity — forexample, T-Bills 1998. I can chart every

intermediate turning point and every majorturning point that T-Bills will make in 1998.Or better yet, pick a date — any date — sayMarch 22, 1998. I can determine the previous

intermediate turning point, the next intermediate turning point andthe following intermediate turning point — for every commodity Ic h o o s e .

I can look at any date and obtain the previous long term turningpoint — and the next two long term turning points for all commoditiesor any predetermined portfolio of commodities.

HOW ACCURATE ARE THE DELTA

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The reason for what yousee on the charts in thisletter plus the hundredsof other delta charts onthe five DELTA timeframes are proof of Dr.Lieber’s hypothesis.

TURNING POINTS?

For all twenty-five commodities, which include over 200 years ofobserving the DELTA phenomenon, the average accuracy for

intermediate term swings is as follows:

1 . 51% of the time, the projected DELTA turning point willoccur within two days of the day projected.

2 . 68% of the time, the projected DELTA turning point willoccur within three days of the day projected.

3 . 81% of the time, the projected DELTA turning point willoccur within four days of the day projected.

The average accuracy rating (AR) for all DELTA intermediateterm turning points is 27. This means that the average distance ofevery DELTA turning point from the date specified is less than threedays. I know it sounds incredible to make the statement that allintermediate turning points in the future will maintain this accuracy.I was convinced of this only after researching this phenomenon overtwo hundred years of daily data and over three hundred years o fweekly and monthly data.

In addition, I have personally observed these turning points since1983 and the accuracy shown above has remained the same.

The reason that this accuracy will continue is that the markets

21

The arrowsindicate thep r e v i o u s l ypredicted highsand lows asestablished byDELTA. Thegraph line showsthe actual pricesover time. Noticehow the pre-dicted DELTAand actualprices virtuallyc o i n c i d e .

22

Here is an actual example of howyou, as a trader can use theDELTA order…

Let’s say you are trading soybeans.You have read the book and foundthe hiddern order in soybeans.(Once you have found it, the ordernever changes.)

The date is March 1991. You haveascertained the Delta turning pointdates and their high/low rotation.Next, you put the dates on a blankchart for soybeans for the next fewmonths. (See top chart.)

The bottom chart shows whatsoybeans actually did for the timeperiod indicated. I think you willagree that Delta predicted every highand low with uncanny accuracy.

These charts demonstrate just one time frame. When you read thebook, y o u can do this for any freelytraded market on five differentDELTA time frames.

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follow DELTA. The DELTA phenomenon is the underlying cause ofmarket movement. It is most obvious to the observer in liquid marketsthat are moving — but even sideways markets adhere to the DELTAturning points. DELTA is the essence of marketm o v e m e n t.

The accuracy of the DELTA turning points caneven be improved upon by observation. If a turningpoint comes early, it can be missed. However, if theturning point comes late then it will not be missed.This one observation has the effect of substantiallyincreasing the chances that the turning point will becaught. Of course, this advantage is not reflected inthe statistics set out above.

I know this is hard to believe. That’s why I chosethree people to show this to — people whoseintegrity would not be questioned. You can readtheir comments in the sidebars entitled “TheExperts Speak Out” throughout this letter. Theywill tell you in their own words that this is true.

THE DELTA PHENOMENON IS A VERY SPECIAL BOOK

I’m certain it is the last book I will ever write about markets. I havetried to write it in such a way that it will be an adventure — a road to

new and unbelievable revelations about things never known before.

The book takes you step by step through the unveiling of eachDELTA time frame and the beautiful logic behind it. You will feel whatI felt at the moment that I saw the DELTA order for the first time. Youwill understand what I perceived when I saw it the very first time...

“I looked at the chart. It was overlaid with colored lines and numbers. It tookabout five seconds to hit me — to comprehend what I was seeing. I simply couldnot believe the answer was that simple. I suddenly felt a sense of awe — like myeyes were opened and I was seeing something that no one else had ever seen...”

The book is beautifully done in color. Remember, the DELTAoverlays that instantly bring out the innate order in the markets are incolor. Without the colors, it would just not be visible. Anybody whotries to copy this book would have to copy it in color and that wouldcost as much as the book!

Each book is registered in the name of the buyer. If you should have

…I chose three peopleto show this to—people whoseintegrity would notbe questioned. Youcan read theircomments in thesidebars entitled“The Experts SpeakOut.”

a question on the book, be sure to include your registration number.

I am n o t going to make a customary money back guarantee on thisbook. Two reasons: first, the DELTA secret is not available for free tothose known in our trade as “library readers.” Second, anyone whowants to learn this secret has to exhibit “one-half of one percent” asmuch faith as those who paid $35,000 to learn it. Therefore, if youpurchase this book — you own it.

As I have said, this book will make an impact on all markets. Eventhose who concentrate on fundamentals and scoff at technicians willsee the wisdom of, or rather the necessity to, make the DELTA orderan integral part of their trading.

Since all markets have and follow an innate order that is pre-dictable to a known accuracy rating I believe this knowledge willbecome the cornerstone of all technical analyses.

Although the DELTA information is predictable and accurate, itwill not be a panacea that will make all traders rich overnight. I knowtraders who could not make a profit trading if they had tomorrow’sWall Street Journal! The forces of fear and greed make it virtuallyimpossible for most traders to follow a plan even when the plan isbased on accurate predictions of what the markets will do.

However, if the DELTA predictions are handled with objectivityand discipline, the results can be most rewarding. I don’t keep upwith all Directors regarding their trading, but I know which ones aredoing the best. So far the Director who has made the most money(since he started using DELTA seven years ago), has made more than

24

He said“Welles,it’s like having a road map into thefuture. What an incredible advantage tothose who have it.”

$ 2 0 , 0 0 0 , 0 0 0 . 0 0 !

When Jim Sloman finished the last DELTA chart back in 1984, he lookedup from the table and made a statement that I will never forget. He said,“Welles, it’s like having a road map into the future. What an incredibleadvantage to those who have it.” That was in 1984 when only a few peoplehad it. Now, I would say it this way, “What an incredible disadvantage tothose who don’t have it!”

HOW CAN DELTA BE USED TO TRADE THE MARKETS?

Although DELTA is not a “trading system” as such, it is t h e ideal technology for every

trader. It doesn’t matter if one is a chart trader,a systems trader, or a fundamental trader.DELTA will become the basis of your decisionm a k i n g .

In short, the book shows the simple,mechanical techniques that I use to enter andexit trades of the DELTA turning points.

Since DELTA is the basis of all marketmovement there are no markets to whichDELTA does not apply. Each market has its own number of turningpoints and where they occur relative to DELTA.

With this information and numerous examples shown in the book on bothstocks and commodities, anyone should be able to find the “DELTA Solution” for any market. The markets that I have tested and solved using thesemethods for many years are listed below. I have personally followed eachof these markets in actual trading since 1983 and I can confirm that theaccuracy of the turning points has remained constant over the years.

C O M M O D I T I E S

S o y b e a n s G o l d S i l v e rW h e a t C o p p e r C a t t l eC o r n S u g a r C o t t o nO a t s C o c o a S & PPork Bellies T Bonds Heating OilH o g s T Bills S francsOrange Juice J yen B poundC o f f e e C dollar D markL u m b e r

By the way, we established the DJI 30 Industrials from a chart that

25

Since all markets haveand follow an innateorder that is predictableto a known accuracyrating I believe thisknowledge will becomethe cornerstone of alltechnical analysis.

went back to 1962. Then we got hold of a chart that went back to1924. You guessed it — it fit perfectly all the way back to 1924.Later, we found charts of cash wheat and corn going back for over ahundred years — the answer was the same — it fit perfectly!

WHAT DELTA IS NOT

Ihave told you at length about what DELTA i s, now let me tell you what DELTA is n o t. It is n o t based on support and resistance

lines or areas of congestion. It is n o t based on trend lines, fan lines,degree lines or geometric angles. It is n o t based on trend identi-fiers, momentum studies, moving averages or oscillators, whethersimple or complex. It is n o t based on Fibonacci numbers or thegolden section or mean. It is n o t based on Fourier or spectralanalysis. It is n o t based on supply and demand studies or buyingand selling power. It is n o t related in any way to the works of Gannor Elliott or any of the “old masters.” In fact, what I am saying canbe said quite simply, DELTA is n o tbased on anything previously knownin the commodity world.

Stated in plain terms, DELTA is a revolutionary discoveryconcerning the underlying nature of all markets. Itis indeed a door to something entirely new and adiagnosis of all markets. You see, far from beingbased upon any of the things above, it is just the other way around. Ultimately, t h e y are allbased on i t, because DELTA is the underlying basisof market movement.

That is why I call this discovery revolutionary. That iswhy all the academicians cranking away on their main-frame computers looking in more and more sophisticatedways for evidence of cyclicality or randomness or whatevercannot ever discover it — even if their computers crankaway night and day for the next hundred years. Why?Because in the last analysis, markets just don’t fundamen -

tally work that way. It is not their underlying nature. In my humbleopinion, DELTA is the most important discovery ever made about markets.

TIME FOR ACTION

Those who know me well, know that for many years I have had agreat interest in the futures markets. I have seen many, many

systems and methods in my time, some of them of considerable

26

Stated in plainterms, DELTA isa revolutinarydiscoveryconcerning theunderlyingnature of allmarkets.

merit. I have had the privilege of developing a few of them myself.Those who know me well, know that I have tried to live my life withintegrity and fairness. I enjoy the markets, I enjoy the challengethey present, and from time to time, I have made available personaltrading discoveries that I felt were good and useful. Those whoknow me know that I am not given to making vain statements aboutsuch things.

From the moment I first came across DELTA, I have never againbeen able to look at the markets in the same way. This completelynew perspective is what I have attempted to convey to you.

And now you can have access to the very same information that Ihave. You can know the DELTA secrets and know how to takemaximum advantage. You can know things that almost no one elsein the world can know. You will be able to see and use the predic-tive features of DELTA — so you can have superior informationand knowledge when trading the markets.

This information is available nowhere else. It is priced at afraction of its original cost. You will understand the value of thisincredible information the moment you read a few pages. I am

27

From the moment I first came across DELTA, I have never again been able to look at the markets—from coffee to gold—in the same way.

28

confident your trading and investment techniques will be foreverchanged for the better. And it only costs $175!

I urge you to call or send in your order now. You will beimmensely pleased with the wonderful insights and powerful knowl-edge base that will be yours. For the price of a few commissions on afew trades you will have powerful, profit packed information that canwork for years to come.

This may be your only opportunity to receive this offer. I lookforward to hearing from you.

I remember Jim Sloman’s statement as he finished work on thelast long term DELTA chart. He looked up from the chart and said,“Welles, it’s like having a map out into the future. What an incredibleadvantage to those who have it.”

I hope you take advantage of that advantage.

S i n c e r e l y ,

J. Welles Wilder, Jr.

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