Robert Prechter
Robert Prechter is the Founder and President of Elliott Wave International and Founder of the Socionomics Institute. He is known for developing a theory of social causality called socionomics, for developing a new theory of finance and for his long career applying and enhancing R.N. Elliott’s model of financial pricing is called the Wave Principle. Prechter has written 20 books on finance, beginning with the Elliott Wave Principle in 1978, which predicted a 1920s-style stock market boom. His 2002 title, Conquer the Crash, predicted the 2006-2011 stocks and property crises. He has made presentations on socionomic theory to Oxford, Cambridge, Trinity, MIT, the London School of Economics, Georgia Tech, SUNY and academic conferences.
Robert Prechter Professional Experience / Academic History
Professional Experience
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Founder and President
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Analyst
Academic History
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B.A., Psychology
The Elliott Wave Theorist is a legendary high-level market newsletter that includes Elliott wave analysis of the financial markets and cultural trends.
Since 1979, The Elliott Wave Theorist has become the most-trusted, longest-lasting Elliott wave publication on the planet.
Prechter provides commentary on topics that include technical analysis, behavioral finance, physics, pattern recognition, and socionomics.
He provides thought-provoking, well-researched and insightful commentary on stocks, bonds, credit, debt, inflation and deflation, social trends, and more.
Prechter has developed a theory of the causality of social action called socionomics.
His model accounts for changes in the character of trends and events in finance, macroeconomics, politics, fashion, entertainment, demographics and other aspects of human social history.
Under development since the 1970s, this idea first reached a national audience in a 1985 cover article in Barron’s.
MEDIA & PUBLICATIONS
In 1978, his first book, Elliott Wave Principle, forecast a 1920s-style stock market boom.
His 2002 title, Conquer the Crash, predicted the current debt crisis.
Elliott Wave Principle has been translated into a dozen languages, and Conquer the Crash was a New York Times bestseller.
In The Socionomic Theory of Finance, he detailed a paradigm for financial markets that differs in every substantive way from the paradigm borrowed from economics.
Prechter has co-authored three scholarly papers on socionomics.
He has been featured or quoted in Bloomberg, The New York Times, MoneyShow, MarketWatch, Fox Business, and more.
RECOGNITION
1984 U.S. Trading Championship
1989 Guru of the Decade, Financial News Network (now CNBC)
1999 A.J. Frost Memorial Award for Outstanding Contribution to the Development of Technical Analysis
2003 Hall of Fame, Traders Library
2013 Annual Award, Market Technicians Association
CAREER
Prechter served as a member of the board of the Market Technicians Association for nine years and as the MTA’s President in 1990-1991.
He is a member of the International Federation of Technical Analysts (IFTA) and the American Association of Professional Technical Analysts (AAPTA).