Prechter on the Elliott Wave Theory By Melanie Bowman
The Elliott Wave Theorist's Robert Prechter discusses his views on Elliott analysis and how he thinks the markets work.
At age 36, Robert R. Prechter Jr. is, without a doubt, one of the youngest masters of technical analysis
and today's foremost expert on the intricate Elliott Wave Principle, a market theory developed in the late
1930s by Ralph N. Elliott.
Prechter is most often recognized in technical circles as the editor of The Elliott Wave Theorist, a
monthly newsletter forecasting the stock market, interest rates and gold and silver for approximately
7,000 subscribers, and as publisher of The Elliott Wave Commodity Letter, a similar newsletter covering
industrial, agricultural and currency markets. Traders and market timers who follow the U.S. Trading
Championships also know him as the 1984 winner of the Options Division, a title won with an
impressive 444.4 percent gain in account equity in four months.
In this interview with Stocks & Commodities from his Georgia offices, Prechter describes his intriguing
outlook on market action—an uncommon blend of behavioral sciences and self-taught technical analysis
which he honed to a fine point under the employ of Merrill Lynch's Robert Farrell, a man considered by
many to be the master of master technicians.