“In the long term, our initial projection for the end of wave 3 is:

3 = 1.618(1) = 86.50!

In the very long-term we completed all of wave III at 49.00 in 1980 and all of wave IV at 3.55 in 1993.

We are now working on wave V and within wave V we have the following count;

1 = 49.82;

2 = 11.64;

3 = First projection is 86.50.”

http://www.321gold.com/editorials/captainewave/captainewave080620.html