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| Robert R. Prechter, Jr., CMT, is founder and president of Elliott Wave International, the world’s largest independent financial forecasting firm. He has been writing market commentary since 1976. In 1984, Bob set a record in the options division of the U.S. Trading Championship with a real-money trading account. In December 1989, Financial News Network (now CNBC) named him "Guru of the Decade." Bob served for nine years on the national Board of the Market Technicians Association and in 1990-1991 served as its president. During the 1990s, he expanded his firm to provide analysis for institutions on every major financial market in the world. Bob has written 13 books on finance, most notably the two-volume set, . His recent title, , was a New York Times best-seller. In 1999, Bob received the CSTA’s first annual A.J. Frost Memorial Award for Outstanding Contribution to the Development of Technical Analysis. In 2003, Traders Library granted him its Hall of Fame award. Recently Prechter has made presentations on his socionomic theory to MIT, Georgia Tech, SUNY, the London School of Economics and academic conferences. | |||
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| '''Robert R. Prechter, Jr.''', is an ] ] of ]s on ] and ] subjects. He is noted for ''Conquer The Crash'' (]). | |||
| Robert Rougelot Prechter Jr. is an economic and financial analyst known for applying ] in his technical analysis of stock, bond and commodity market activity. In his youth he became interested in investing through his father. While studying psychology at Yale he was drawn particularly to mass psychology, but before becoming a market technician at Merrill Lynch, he was a drummer in a rock band. While studying the markets he came across the works of ], who originated Elliott Wave, a form of market analysis that measures investor psychology in terms of swings from optimism to pessimism. | |||
| During the late 1970's and early 1980's, he successfully forecasted an end to the rampant inflation of the time, and the birth of a new bull market. In recent years he has been forecasting a large-scale bear market. Perhaps his most unusual prediction, made in the late 1980's, was about himself, predicting that he would call a stock market top too early. | |||
| Among the books he has authored, coauthored, or edited are: | |||
| <i>Elliott Wave Principle: Key to Market Behavior</i> <br> | |||
| <i>The Wave Principle of Human Social Behavior and the New Science of Socionomics</i> <br> | |||
| <i>Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression</i> | |||
| ] | |||
Revision as of 18:54, 3 January 2006
Robert R. Prechter, Jr., CMT, is founder and president of Elliott Wave International, the world’s largest independent financial forecasting firm. He has been writing market commentary since 1976. In 1984, Bob set a record in the options division of the U.S. Trading Championship with a real-money trading account. In December 1989, Financial News Network (now CNBC) named him "Guru of the Decade." Bob served for nine years on the national Board of the Market Technicians Association and in 1990-1991 served as its president. During the 1990s, he expanded his firm to provide analysis for institutions on every major financial market in the world. Bob has written 13 books on finance, most notably the two-volume set, Socionomics – The Science of History and Social Prediction. His recent title, Conquer the Crash - You Can Survive and Prosper in a Deflationary Crash and Depression, was a New York Times best-seller. In 1999, Bob received the CSTA’s first annual A.J. Frost Memorial Award for Outstanding Contribution to the Development of Technical Analysis. In 2003, Traders Library granted him its Hall of Fame award. Recently Prechter has made presentations on his socionomic theory to MIT, Georgia Tech, SUNY, the London School of Economics and academic conferences.