Robert Prechter
Robert Prechter is the Chief Executive Officer of Elliott Wave International and the Founder of the Socionomics Institute. He began his professional career in 1975 as a Technical Market Specialist with the Merrill Lynch Market Analysis Department in New York. Prechter is recognized for a long career in the development and application of the Wave Principle, an empirically derived model of financial pricing identified and described by Ralph Nelson Elliott in the 1930s. His studies specialize in social mood and its impact on social action, including the stock market and the economy.
Robert Prechter Professional Experience / Academic History
Professional Experience
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Chief Executive Officer
Academic History
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BA, Psychology
- Prechter has developed socionomics, a theory of the causality of social action which accounts for 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.
- He has made presentations about socionomic theory at the London School of Economics, MIT, Georgia Tech, SUNY, University of Cambridge, University of Oxford, Trinity College Dublin and various academic conferences.
WAVE PRINCIPLE
- Prechter began applying the Wave Principle to financial markets in 1972.
- He has been publishing The Elliott Wave Theorist since 1979.
- The Elliott Wave Theorist won numerous speaking, timing, and publishing awards during the 1980s.
AWARDS AND RECOGNITIONS
- In 1984, Prechter won the U.S. Trading Championship with a then-record 444% return in four months in a monitored, real-money options trading account.
- In 1989, he was named “Guru of the Decade” by the Financial News Network, now CNBC.
- In 1999, he received the Canadian Society of Technical Analysts’ inaugural 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.
- In 2013, The Market Technicians Association presented him its Annual Award.