''The Elliott Wave Theorist'' is a monthly newsletter published by Elliott Wave International. The first issue of the ''Theorist'' was published in April 1976 and has been continuously in print on a subscription basis since May 1979. The publication includes Elliott wave analysis of the financial markets and cultural trends, plus commentary on topics that include

technical analysis In finance, technical analysis is an analysis methodology for analysing and forecasting the direction of prices through the study of past market data, primarily price and volume. Behavioral economics and quantitative analysis use many of the sam ...

behavioral finance Behavioral economics studies the effects of psychological, cognitive, emotional, cultural and social factors on the decisions of individuals or institutions, such as how those decisions vary from those implied by classical economic theory. ...

, physics,

pattern recognition Pattern recognition is the automated recognition of patterns and regularities in data. It has applications in statistical data analysis, signal processing, image analysis, information retrieval, bioinformatics, data compression, computer graphi ...

, and

socionomics Robert R. Prechter Jr. (born March 25, 1949) is an American financial author, and stock market analyst, known for his financial forecasts using the Elliott Wave Principle. Prechter is an author and co-author of 14 books, and editor of 2 books, and ...

Robert Prechter Robert R. Prechter Jr. (born March 25, 1949) is an American financial author, and stock market analyst, known for his financial forecasts using the Elliott Wave Principle. Prechter is an author and co-author of 14 books, and editor of 2 books, and ...

is the publication's editor and main contributor.''The Elliott Wave Theorist'', Elliott Wave International, Gainesville, GA. Essays include Peter Brandt, April 1991; Anne Crittenden, December 1997; Paul Macrae Montgomery, November 2000; Mark Galasiewski, July 2006.

History

The ''Theorist '' began as Robert Prechter's vehicle for Elliott wave market opinions when he worked as a technical analyst at

Merrill Lynch Merrill (officially Merrill Lynch, Pierce, Fenner & Smith Incorporated), previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investment bank ...

. The publication gathered a following, and Prechter continued to offer it via subscriptions after he left Merrill in 1979. In the early 1980s, the ''Theorist '' issued an aggressively bullish stock market forecast; its prominence grew, and the number of subscribers eventually reaching some 20,000. That number declined in the 1990s (as did subscription levels among financial publishers generally), though the ''Theorist'' remains frequently cited on financial websites, in blogs, newsgroups, books, scholarly papers, and by major media. The newsletter has earned several awards, including ''Hard Money Digest's'' "Newsletter Award of Excellence," and ''Timer Digest's'' "Timer of the Year." The ''Theorist'' has also included commentary for which contributors were criticized, including the forecast of a long-term bear market in the U.S. stock market.

Distinction and controversy

The ''Theorist'' has featured several topics of distinction and controversy. Prechter's August 1985 ''Theorist'' essay "Pop Culture and the Stock Market" preceded a shorter version of the September 1985 cover story essay in ''

Barron's Barron's or Barrons may refer to: *Barron's Educational Series, a publisher of books, as well as college entrance exam preparation classes and materials, now an imprint of Kaplan Test Prep **B.E.S. Publishing, the former owner of Barron's * ''Barro ...

'', "Elvis, Frankenstein and Andy Warhol." Following Benoit Mandelbrot's 1999 ''

Scientific American ''Scientific American'', informally abbreviated ''SciAm'' or sometimes ''SA'', is an American popular science magazine. Many famous scientists, including Albert Einstein and Nikola Tesla, have contributed articles to it. In print since 1845, it i ...

'' article "A Fractal Walk Down Wall Street," the ''Theorist '' ran detailed criticism of that article, saying that Mandelbrot took credit for ideas that "originated with

Ralph Nelson Elliott Ralph Nelson Elliott (28 July 1871 – 15 January 1948) was an United States of America, American accountant and author, whose study of stock market data led him to develop the Elliott wave principle, Wave Principle, a description of the cyclical n ...

, who put them forth more comprehensively and more accurately with respect to real-world markets in his 1938 book The Wave Principle." In recent years the ''Theorist'' has been credited with popularizing market indicators such as the “skyscraper indicator,” and been a forum for ideas and research regarding socionomics from Prechter and others, such as the 2006 essay, “Social Mood and Automobile Styling,” which received wide media coverage.

Notes

{{DEFAULTSORT:Elliott Wave Theorist Newsletters Technical analysis Behavioral finance Market trends Publications established in 1976