High Quality Content by WIKIPEDIA articles! Robert R. Prechter, Jr. (born 1949) is an American author and stock market analyst, known for his financial forecasts using the Elliott wave principle. Prechter has authored or edited 25 books. He has also published monthly financial commentary in The Elliott Wave Theorist since 1979 and is the founder of Elliott Wave International and New Classics Library. Prechter served on the board of the Market Technicians Association for nine years and as the Association's President in 1990-1991. In recent years Prechter has promoted the study of Socionomics, a theory about human social behavior. Prechter has also gained notoriety for consistently calling for the U.S. stock market to tumble, since just prior to the 1987 crash, amidst major financial dislocations. However, he properly called the October 2007 top and then called the March 9, 2009, stock market bottom in February 2009. Prechter expects equities to tumble again in 2010 in a crash larger than the 1929-1932 crash.

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