| Revision as of 03:39, 10 November 2006 editGamaliel (talk | contribs)Edit filter managers, Autopatrolled, Administrators94,059 edits this needs references for all the other information, not just the fact that he had a best selling book← Previous edit | Revision as of 17:20, 10 November 2006 edit undoRgfolsom (talk | contribs)929 edits Added info about career, more referencesNext edit → | ||
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| ⚫ | '''Robert R. Prechter, Jr.''' is an ] ] and stock market analyst, known widely for his financial forecasts using the ]. Prechter has authored or edited 14 books, including ''Conquer the Crash'', a ''New York Times'' bestseller.<ref>, Book Review, Best Sellers List, 11 August 2002.</ref> He has also published monthly financial commentary in the Elliott Wave Theorist since 1979. <ref>''Elliott Wave Theorist'', 1 June 1979. (Elliott Wave International, P.O. Box 1618 Gainesville Georgia 30503).</ref> In recent years Prechter has supported the study of ], a theory about the dynamics of human social behavior.<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).</ref> | ||
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| ⚫ | '''Robert R. Prechter, Jr.''' is an ] ] and stock market analyst, known widely for his financial forecasts using the ]. Prechter has authored or edited 14 books, including ''Conquer the Crash'', a ''New York Times'' bestseller. |
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| == Career == | |||
| Prechter attended Yale University and graduated with a degree in psychology in 1971. His career as an analyst began when he joined Merrill Lynch as a market technician in 1975, where he learned much about the trade from Merrill's Chief Market Strategist Robert Farrell.<ref>''Elliott Wave Theorist'', 1 June 1979. (Elliott Wave International, P.O. Box 1618 Gainesville Georgia 30503.)</ref> There Prechter also learned of the Wave Principle and was deeply intrigued: | |||
| In his youth Prechter 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. | |||
| <blockquote>So I tracked down R.N. Elliott's original books. They weren't even in the Library of Congress. But I finally dug around in the New York Public Library and found a catalog card listing a copy of them on microfilm and had photocopies made. I was amazed to find that there was a wealth of information that had been lost to Wall Street.<ref name=Perspective>Robert R. Prechter, Jr. ''Prechter's Perspective'' (New Classics Library, 1996/2004, P.O. Box 1618 Gainesville Georgia 30503) p. 6, 1.</ref></blockquote> | |||
| Prechter has also said, "after I decided to make markets a career, I realized that mass psychology is what they're all about." <ref name=Perspective/> | |||
| 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. | 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. | ||
Revision as of 17:20, 10 November 2006
Robert R. Prechter, Jr. is an American author and stock market analyst, known widely for his financial forecasts using the Elliott wave principle. Prechter has authored or edited 14 books, including Conquer the Crash, a New York Times bestseller. He has also published monthly financial commentary in the Elliott Wave Theorist since 1979. In recent years Prechter has supported the study of socionomics, a theory about the dynamics of human social behavior.
Career
Prechter attended Yale University and graduated with a degree in psychology in 1971. His career as an analyst began when he joined Merrill Lynch as a market technician in 1975, where he learned much about the trade from Merrill's Chief Market Strategist Robert Farrell. There Prechter also learned of the Wave Principle and was deeply intrigued:
So I tracked down R.N. Elliott's original books. They weren't even in the Library of Congress. But I finally dug around in the New York Public Library and found a catalog card listing a copy of them on microfilm and had photocopies made. I was amazed to find that there was a wealth of information that had been lost to Wall Street.
Prechter has also said, "after I decided to make markets a career, I realized that mass psychology is what they're all about."
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:
- Elliott Wave Principle: Key to Market Behavior
- The Wave Principle of Human Social Behavior and the New Science of Socionomics
- Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression
Notes
- New York Times, Book Review, Best Sellers List, 11 August 2002.
- Elliott Wave Theorist, 1 June 1979. (Elliott Wave International, P.O. Box 1618 Gainesville Georgia 30503).
- The Wave Principle of Human Social Behavior and the New Science of Socionomics (New Classics Library, 1999, P.O. Box 1618 Gainesville Georgia 30503).
- Elliott Wave Theorist, 1 June 1979. (Elliott Wave International, P.O. Box 1618 Gainesville Georgia 30503.)
- ^ Robert R. Prechter, Jr. Prechter's Perspective (New Classics Library, 1996/2004, P.O. Box 1618 Gainesville Georgia 30503) p. 6, 1.