Who is Robert 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, Bob Prechter 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, an independent think-tank, which researches Prechter's theory of social causality: socionomics. Bob 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).

Bob Prechter has also 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.

Often called “Bob” by his colleagues, Bob Prechter has authored, co-authored and/or edited 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 Prechter 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, he 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, Bob 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.

Bob 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.

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