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'''Robert R. Prechter, Jr., CMT''', is founder and president of , 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 ], ], SUNY, the London School of Economics and academic conferences.
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Robert R. Prechter, Jr., CMT, began his professional career in 1975 as a Technical Market Specialist with the ] Market Analysis Department in ]. He has been publishing ], 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. 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 ] (now ]). He has been named ``one of the premier timers in stock market history’’ by Timer Digest, ``the champion market forecaster’’ by ], ``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 ].


{{finance-stub}}
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 ] (2003).

Psychology, social trends, and ] ] have intrigued Prechter from his earliest days as an analyst. He has said that the wave principle "''provides a basis and framework within which to study and quantify social behavior and thus serves as an anchor for the undertaking of true social science. The resulting breakthrough is so profound that it requires a new name for the science it makes possible. I think ] is a good term.''"<ref>The Wave Principle of Human Social Behavior and the New Science of Socionomics (New Classics Library, 1999, P.O. Box 1618 Gainesville Georgia 30503) p. 6.</ref>

In 1999 Prechter created the Socionomics Institute, and serves as its 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 ], the ] and academic conferences.

In 2004, Prechter created the Socionomics Foundation, a ] ], to provide education and fund scholarly investigation into socionomic theory.

Prechter graduated from ] in 1971 with a degree in ]. He served as the 21st president of the Market Technicians Association, and is a member of ], ], The Shakespeare Fellowship and the Shakespeare Oxford Society.

==Criticism==

While Prechter has been considered the foremost Elliott Wave analyst for years, critics have focused on the stock market forecasts he published in the 1990s. They say that by calling for a major bearish reversal, Prechter missed the run-up in the U.S. equities during that decade.

== References ==
<references/>



==Personalities of Wall Street==
See '']''.

]

Revision as of 20:13, 6 November 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.

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