Robert R. Prechter
Robert R. Prechter, Jr., CMT, began his professional career in 1975 as a Technical Market Specialist with the Merrill Lynch Market Analysis Department in New York. He has been publishing The Elliott Wave Theorist, a monthly forecasting publication, since 1979. Currently he is president of Elliott Wave International, which publishes analysis of global stock, bond, currency, metals and energy markets. He is also Executive Director of the Socionomic Institute, a research group. Mr. Prechter has won numerous awards for market timing, including the United States Trading Championship, and in 1989 was awarded the “Guru of the Decade’’ title by Financial News Network (now CNBC). He has been named ``one of the premier timers in stock market history’’ by Timer Digest, ``the champion market forecaster’’ by Fortune magazine, ``the world leader in Elliott Wave interpretation’’ by The Securities Institute, and ``the nation’s foremost proponent of the Elliott Wave method of forecasting’’ by The New York Times.
Mr. Prechter is author, co-author and/or editor of 13 books, including Elliott Wave Principle – Key to Market Behavior (1978), R.N. Elliott’s Masterworks (1980), The Wave Principle of Human Social Behavior and the New Science of Socionomics (1999), Conquer the Crash (2002), and Pioneering Studies in Socionomics (2003).
Since 1979, when he first addressed the subject, Bob has been exploring socionomics, the study and prediction of social trends in light of the Wave Principle and its implications for the social sciences. In 1999 created the Socionomics Institute, of which he is Executive Director. The institute is an independent think-tank whose mission is to develop socionomics as an academic discipline and to promote its commercial application. Recently, Mr. Prechter has made presentations on his socionomic theory to MIT, the London School of Economics and academic conferences.
In 2004, the Socionomics Foundation, a 501(c)3 non-profit organization, was created to provide education and fund scholarly investigation into socionomic theory.
Mr. Prechter graduated from Yale University in 1971 with a degree in psychology. He served as the 21st president of the Market Technicians Association, and is a member of Mensa, Intertel, The Shakespeare Fellowship and the Shakespeare Oxford Society.
Books by Robert R. Prechter:
Elliott Wave Principle: Key to Market Behavior
The Bible of Elliott Wave from the pioneer in wave analysis now at the lowest price ANYWHERE. Covers basic principles, details theory and application of concepts including: Fibonacci numbers, ratio analysis, time sequence, cyclic analysis, Kondratieff wave and more. "Award of Excellence" - Technical Analyst Assoc.
Conquer the Crash
In Conquer the Crash, Robert Prechter explains why he thinks the boom times are behind us. Based on his interpretation of the Elliott Wave principle (an idea premised on the notion that mass investor psychology is what really drives markets), Prechter believes that the U.S. economy is about to enter into a deflationary depression that few investors are prepared to deal with. In making his case, Prechter assembles an impressive array of data that in essence suggests that the bill for the last 10 years of market excess is about to come due.
The Wave Principle of Human Social Behavior and the New Science of Socionomics
Socionomics evolved from the Wave Principle, a theory of patterns in financial markets. Now Robert Prechter proposes that this very same principle can be applied to our own social and cultural lives. Prechter shows that dominant aspects of our unconscious mentation are characterized by measurable patterns. Those patterns form the building blocks of humankind's social interaction, and in turn, the Wave Principle.
Pioneering Studies in Socionomics
Pioneering Studies in Socionomics is the follow-up to Prechter's ground-breaking introductory text on Socionomics, The Wave Principle of Human Social Behavior. This new title is comprised of a collection of engaging essays representing over 20 years worth of research into this new model of thought.