Bob Prechter 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 since 1979. Prechter is president of Elliott Wave International, a financial publishing firm. Mr. 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). He served for nine years on the board of the Market Technicians Association and in 1990-1991 served as its president.
Prechter has written 14 books on the Wave Principle model of finance. Since 1979, when he first addressed the subject, Bob has been developing a theory of social causality now outlined in his book Socionomics—the Science of History and Social Prediction (1999-2003). Prechter has served as a reviewer to academic journals and has made presentations on socionomic theory to Oxford, Cambridge, Trinity, the London School of Economics, MIT, Georgia Tech, SUNY and academic conferences. Prechter and colleague Dr. Wayne Parker’s paper “The Financial/Economic Dichotomy” was published in The Journal of Behavioral Finance in 2007. Prechter founded the Socionomics Institute and funds the Socionomics Foundation, which supports academic research in the field.
Mr. Prechter graduated from Yale University in 1971 with a degree in psychology. He is a member of The Shakespeare Oxford Society, the Shakespeare Fellowship and the Triple Nine Society.