Robert Prechter, Jr. was born in 1949. He has joined Yale University after getting a full scholarship and later received a B.A. in psychology in 1971. In 1975, Prechter began his financial career by joining Merrill Lynch’s Market Analysis Department under the tutelage of Robert J. Farrell and in 1976 began issuing Elliott-wave analysis of the financial markets.
In 1979, Prechter founded Elliott Wave International and began publishing monthly market analysis under the title “The Elliott Wave Theorist”.
Prechter served as a member of the board of the Market Technicians Association for nine years and as the MTA’s President in 1990-1991. He currently serves on the advisory board of the MTA’s Educational Foundation.
Over the years, Prechter expanded his business and now employs a staff of analysts who apply the Wave Principle to all major markets around the world.
Prechter recently created the Socionomics Institute, which is dedicated to explaining Socionomics, and he funds the Socionomics Foundation, which supports academic research in the field.
Prechter has developed a theory of the causality of social action, called (Socionomics), which accounts for the character of trends and events in finance, macroeconomics, politics, fashion, entertainment, demographics and other aspects of human social history. The theory is under development since the 1970s!
In 2004, he created the Socionomics Foundation, a non-profit organization, to provide education and fund scholarly investigation into socionomic theory.
Elliott wave re-introducer:
Robert R. Prechter, Jr. is known for his long career enhancing R.N. Elliott’s model of financial pricing called the Wave Principle. His book Elliott Wave Principle has been translated into a dozen languages. Prechter has made many speeches and media appearances around the world.
In 2008 and 2010, the Georgia legislature invited Prechter to testify before its Joint Economic Committee regarding the state’s developing real estate and economic crises.
I do believe that, his best books that didn’t get the fame it deserves is “Key to Market Behavior” published in 1978.
Not many people in the financial market know that, he was a professional musician for four years, and in 1973-74, his band recorded an album!