Tuesday, October 28, 2008

Stock Market Rebound

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The stock market finally found at least a short-term bottom today and the DJIA closed up 989 points or 10.9%.

Chris Carolan's discovery concerning autumn panics climaxing into the 28th day of the 7th lunar month and sharply reversing with the new moon has again been right on the mark.

This time around, however, an entire department of economics was informed about the phenomenon before the crash took place and then informed again before the panic climax on Friday and Monday. Will economic 'science' finally wake up and 'smell the coffee' of their erroneous thinking? Will man finally face his manic-depressive insanity? Will authorities realize that, rather than mammon and faith in an 'invisible hand', agape and faith in God are necessary to achieve social harmony? Is our species rational enough to learn from its repeating mistakes?

Only the fate of the world is at stake.

Sunday, October 26, 2008

On The Other Hand...

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I don't like this AT ALL.

Apparently this afternoon U.S. special forces carried out an attack against an al Qaeda target inside Syria. This may be deemed an act of war by Damascus. The Syrian Foreign Ministry summoned the U.S. envoy in Damascus to protest "this dangerous aggression" and said it would "hold the U.S. forces responsible for this aggression and its repercussions".

Meanwhile, according to DEBKAfile, Syria recently finished massing armed forces around Lebanon and on Israel's northern border. Here is a related map from the DEBKAfile web site:


(click on image to see in full)

Given that my supernatural 'vision' of the coming nuclear Apocalypse started by seeing a special report of a chemical SCUD missile attack on Haifa, Israel, this recent news is very alarming, especially given the timing as we should be near or at the climax of the developing global panic.

Again, the concern here is that this is a crash of Grand Supercycle scale underway and it was in pondering what might be associated with the eventual Grand Supercycle collapse that I had my supernatural experiences way back in February of 1991 during the first Gulf War. I've been hoping that the global financial panic that has developed to-date would be the limit of this initial phase of the Grand Supercycle collapse, similar to how the 1929 stock market crash opened the way to the Great Depression and then, many years later, the second world war. But it is possible that global war erupts right here, right now.

I've long thought that Syria might prove to be the culprit for a chemical SCUD missile attack on Israel since Haifa was the city under attack in the special report I foresaw, not Tel Aviv. Haifa would get hit first in Israel if SCUD missiles were launched from the north, i.e., from Syria.

The ingredients are in place for an all-out war to erupt in the Middle East in the immediate future that will trigger global nuclear war. I was hoping this panic was nearing its end, but it is still possible it could climax in this horrific fashion and people need to be ready to evacuate or shelter-in-place at this time IMHO.

Let us all deeply, deeply pray that nuclear war does not erupt here, but please know that one is coming eventually and start preparing accordingly.

Stock Market Rally Near?

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Today is the 28th day of the 7th lunar month on the Hebrew calendar. This is the climactic "dark day" identified by Chris Carolan into which the October 1929 and October 1987 stock market crashes climaxed.

As mentioned in my Stock Market Crash Alert, this is also the "dark day" during which the U.S. and Russia came closest to nuclear war during the October 1962 Cuban Missile Crisis and the October 1973 Yom Kippur war as indicated by NORAD's DEFCON nuclear alert status. Fortunately, there has been no nuclear war thus far, and hopefully this is a long, long time off even if such a conflict is inevitable.

As for a stock market crash, this has occurred into this weekend, but there has not been any climactic "black" days in the U.S. during which the major indices have fallen 10%+ in a single trading session with massive volume....although such crash days have occurred on many foreign bourses. Certainly the U.S. stock market came close to such a selling climax into this weekend with the DJIA off 3.6% on Friday and 5.5% on Wednesday, but there's been no historic panic days as in 1929 and 1987. It's possible that there'll be a Black Monday, but at this point I think the higher probability is that we are at or near a significant low and a major rally is due on Wall Street.

Chris Carolan notes in his award-winning article, Autumn Panics: A Calendar Phenomenon, that, while the 27th and 28th days of the 7th lunar month experienced the black crash days in 1929 and 1987, the 29th and 30th days of the of the 7th lunar month in those years experienced huge rallies. Will this replay here? It's quite possible.

As Carolan points out in his most recent blog, the VIX (implied volatility) index, which measures stock traders' fear on Wall Street, reached a historic level of almost 90 at the open of trading on Friday.


This is a sufficient condition to believe a panic climax has been reached even if this was not reflected in a 10%+ single-day drop in stock prices. That this final spike in the VIX occurred at the end of a 25% drop in the stock market since late-September suggests a selling climax has been reached or is very near a conclusion into the 28th day of the 7th lunar month this year....consistent with the historical pattern.

Now what remains to be seen is if we get a substantial rally attempt in the wake of a panic climax.

Friday, October 24, 2008

Nuclear War Alert

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Let me begin by first noting that I consider this very, very unlikely at this point, but I need to issue some sort of alert just in case since there are very specific parameters within which to work.

As noted in my "Stock Market Crash Alert", Chris Carolan discovered that there is a tendency for autumn panics to climax into the 27th and 28th days of the 7th lunar month using the Hebrew calendar where the lunar year begins with the first new moon after the Spring equinox. Both the 1929 and 1987 stock market crashes climaxed into the 28th day of the 7th lunar month (read Carolan's related award-winning article and/or see the related blogs below).

This year the lunar 'dark days' fall on October 25th and October 26th, i.e., this weekend. Clearly this October we have seen a stock market panic into the associated timeframe with the DJIA and other major indices reaching yearly closing lows today and world stock markets fully crashing. Hopefully, this is all that we need be concerned about here, i.e., a financial panic climax.

However, I go on to mention in my Crash Alert that the highest DEFCON nuclear alerts in history were also reached into the lunar 'dark days' of the 27th and 28th days of the 7th lunar month during the Cuban Missile Crisis and the Yom Kippur Arab/Israeli War. In other words, this is also the timeframe when the world has come the closest to nuclear war.

It is possible, but highly unlikely, that a horrific international crisis will erupt out-of-the-blue in the next 48-72 hours leading to global nuclear war. The critical warning sign will be if there is a chemical SCUD missile attack on Israel like I foresaw back during the first Gulf War. If a war of this sort erupts in the Middle East in the immediate future, then there is an extremely high chance of nuclear war by Sunday/early Monday given the lunar calendar autumn panic phenomenon, in which case one must be prepared to evacuate or shelter in place as best possible.

The bottom line is that 'no one knows the day or hour', and thank God for that....but I felt it important to point this out just in case. I deeply pray my concerns about a nuclear war are unwarranted and I really think they are at this point. Later on, however, I do believe the global Apocalypse is inevitable because of man's evil, selfish ways.

Thursday, October 23, 2008

Greenspan: "I have found a flaw."

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Referring to his free-market ideology, Mr. Greenspan said: “I have found a flaw. I don’t know how significant or permanent it is. But I have been very distressed by that fact.”

Mr. Waxman pressed the former Fed chair to clarify his words. “In other words, you found that your view of the world, your ideology, was not right, it was not working,” Mr. Waxman said.

“Absolutely, precisely,” Mr. Greenspan replied. “You know, that’s precisely the reason I was shocked, because I have been going for 40 years or more with very considerable evidence that it was working exceptionally well.” (SOURCE)

In the words of John Stossel, whose viewpoint is most relevant, "Gimme' a break!".

It's nice that Alan Greenspan, who served 18 years as the head of the U.S. Federal Reserve and is considered the key proponent of free market economics behind the inflation of the largest, most ruinous credit bubble in human history, now recognizes that there may have been a 'flaw' in his underlying 'ideology'. But his self-realization is a day late and dollar short....or, for that matter, 10,000 days late and a quadrillion dollars short. In the long-run, the blind faith of economic policy-makers in some imaginal invisible hand has wrought such catastrophic underlying damage to the global financial system, that it will literally take the Apocalypse to finally wipe the slate completely clean.

What's important for everyone to keep in mind here is that there is no 'flaw' with freedom. Freedom did not fail us....we failed freedom.

Instead of engaging in responsible self-governance, people opted to abuse their freedom by pursuing personal gain without social conscience, placing blind faith in the mindless invisible hand of markets or the visibly incompetent hand of government to take care of everyone else and the world as-a-whole. This is nonsense. WE ARE ALL PERSONALLY RESPONSIBLE FOR OUR COLLECTIVE WELFARE, and failure to recognize this fundamental truth is literally suicidal.

With regard to the unfolding financial collapse, there were the policy-makers that consciously ignored the booms and busts of market history in prescribing government policies, the bank executives who overlooked the massive systemic risks they were creating in seeking multi-million dollar paychecks, the mortgage brokers and realtors who pushed home sales they knew were dangerously unrealistic in pursuit of fees and commissions, the unqualified home buyers who turned a blind eye to the dangers of their purchases, etc., etc., etc. Each participant thought and behaved in a recklessly selfish manner without thinking of the long-term consequences for others, society as-a-whole, or ultimately themselves. This was foolish, irresponsible and downright insane.

In liberal economic theory, the core models to explain and predict the social outcome of self-interested behavior amongst individuals and businesses assumes that people think and behave 'rationally'. The problem emerges if people are irrational, and that is an inevitable consequence when the prevailing mindset is a popular delusion in which everyone believes themselves to be separate from others and the world at-large. WE ARE NOT SEPARATE. We are all part of an organic collective being in which our common survival is rooted in interdependence. Thus, the ideology exemplified by Jesus, which 'secular' science has gone against, is a truism essential for human survival.

Since people failed to heed the warnings of Jesus and abused the freedom God granted them, the free world is about to be vanquished and global governance will fall into the most evil, anti-Christian hands:



"If we presume the coming transformation of the Communist Party into the Russian Orthodox Party of the Soviet Union, we would obtain truly the ideal state, one which would fulfill the historical destiny of the Russian people. It is a question of the Orthodoxization of the entire world." - Gennadii Shimanov

From Alexander Yanov's "The Russian Challenge and the Year 2000" (1987)



Only those with the courage to think freely can then save this world. I suggest you join me in this global salvation effort.



It's as simple as that.

Period.

"Men must be governed by God or they will be ruled by tyrants." - William Penn

Wednesday, October 22, 2008

The Panic Of '08

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The DJIA plunged more than 500 points today breaking just below key support suggesting that a retest of recent lows may be near:


Wall Street may be in the midst of a '29/'87-style panic selling climax. If so, then 'black' crash days may be ahead, i.e., there is the chance of a Black Thursday and/or Black Friday during which the DJIA falls 10%+ in a single trading session.

Since such stock market panics are exceptionally rare occurrences, predicting such an event nearly to the day might seem impossible. However, as overviewed in yesterday's blog, there is reason to focus on the current time window because of the lunar calendar. As discovered by Chris Carolan, the 1929 and 1987 'black' panic days both occurred going into the same day in the lunar year, i.e., the 28th day of the 7th lunar month. As overviewed in Carolan's award-winning article, "Autumn Panics: A Calendar Phenomenon", this also was the same timing of the major Wall Street panics in 1857 and 1907 as well as with the Hong Kong stock market crash in October of 1997.

This year the 28th of the 7th lunar month falls on October 26th, i.e. this weekend, suggesting a selling climax into Friday or Monday.

Is history about to repeat?

If so, what might we learn from history this time around?

Man is manic-depressive in character, but this is the key to the creative genius that is behind God's great symphony we enjoy:

Tuesday, October 21, 2008

Selling Climax?

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The DJIA fell 2.5% today closing just above the 9000 mark.

There are numerous indications that the stock market reached a significant low at the 8000 mark. The market is substantially oversold, the VIX or fear index peaked at a historic high of 80 and now the credit crisis is easing as indicating by the falling TED spread.

Even with these signs of a bottom, one should be alert to the possibility of the panic resuming in the days ahead with a selling climax being reached this Friday or Monday of next week. The reason this is so is an important phenomenon identified by Chris Carolan regarding autumn panics on Wall Street.

Chris Carolan, as explained in an award winning article, discovered that the 1929 and 1987 stock market crashes climaxed into the 28th day of the 7th lunar month in those respective lunar years (where the lunar year begins with the first new moon after the Spring equinox).



The 28th day of the 7th lunar month this year occurs on October 26th. Since this is a Sunday, one would look for a panic climax into this Friday or next Monday, accordingly. While I have long been warning that the "Grand Supercycle Crash" could ultimately take the form of global war, I seriously doubt this will unfold in the next few days. What is possible is that black crash days will occur on Wall Street.

Thursday, October 09, 2008

Selfish beyond all reason...

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Stock markets around the world are crashing as the Grand Supercycle collapse takes full hold. Thus far this week the DJIA has fallen more than 15% on top of the 7.5% lost last week. The Dow peaked last October above the 14,000 mark since which it has fallen some 40 percent as part of a global financial meltdown.

Watching the news and reading various views on the internet I see fingers being pointed in all kinds of directions for the cause of the unfolding calamity. Some claim it's Wall Street's fault, others blame the government, so on and so forth. The hard truth of the matter is that what is now happening is pretty much everyone's fault.

I have spent the last 20+ years of my life trying to warn society of the inevitable consequences of greed run amuck. Unfortunately, however, no one has been interested. Even now, as I type my latest blog, I realize very few will bother reading what I've written at this point. Why is this so? Because people today are SELFISH BEYOND ALL REASON!

While academicians and politicians and the various social authorities have sought to make the world believe that selfishness is rational and just, the reality is that the unfettered, competitive pursuit of self-interest without consideration to the welfare of others or society as-a-whole has brought the world to the brink of self-destruction.

Yom Kippur - Israel On Alert

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Although I think the stock market is due for a decent bounce here in the context of the Grand Supercycle crash I believe is now underway, news out of the Middle East suggests the next far more terrifying leg of this historic panic might soon take shape.

It is now Yom Kippur, the Jewish Day of Atonement and Israel's most holy holiday. The entire Jewish state shuts down on this day when the people atone for their sins. On Yom Kippur 35 years ago, Syria and Egypt launched a coordinated surprise attack that caught Israel off-guard and almost led to global nuclear war.

In recent weeks Syria has massed forces on its border with Lebanon purportedly to deal with smuggling. Lebanon is concerned Syria might once again invade and, consequently, on Monday the United States issued a stern warning to Damascus to not do so. Deputy State Department spokesman Robert Wood said, "Any intervention by Syrian troops into Lebanon would be unacceptable."

Meanwhile, going into Yom Kippur, Israel placed its military forces on a heightened state of alert out of concern that Syria, and/or Syria's Hezbollah proxy in Lebanon, might use the solemn Jewish occasion to attack. Seemingly any attack would be in revenge for the February assassination of Hezbollah leader Imad Mughniyeh and/or the Israeli air strike on a Syrian nuke site last year.

If there is Syrian military intervention in Lebanon or some sort of attack on Israel, then this could ultimately result in the fulfillment of the apocalyptic vision I had when pondering the historical implications of the Grand Supercycle crash.

I deeply pray that I'm wrong on this score, but it is a possibility. Please allow me to elaborate.

Back in 1991, during the first Gulf War, I was in a written correspondence with Robert Prechter, the 'Elliott Wave Theorist', about what might occur during the Grand Supercycle collapse we were anticipating even back then. At the time I was a college student studying economics.

One evening in early February of that year (I think Feb. 6th), I was watching television when suddenly a special report aired of a chemical SCUD attack against Israel. What I saw was an NBC special report in which Tom Brokaw reported that a missile attack on Haifa, Israel was underway and chemical agents were involved. I got up and reported what presumably was an Iraqi chemical attack on Israel to my friends on the floor of the college dormitory where I lived at the time, and when I returned to watch the news there was nothing else being reported. In fact, as I soon realized, the special report I saw had never aired and has not yet aired to this day. (Believe me, I checked this out fully; the report I saw did not yet occur).

Next, about a week later, I was with a friend in my dorm room at college discussing ancient prophecies and how they might be related to events in the Middle East. I then told him about the Seventh Seal prophecy in the eighth chapter of the Bible's Book of Revelation which I long believed depicts a future nuclear war. Just as I started reading my friend this prophecy, we heard the wail of an air-raid siren followed by the loud percussion of a nuclear explosion outside my window. What we heard was so authentic, it led us to rush to a nearby deep basement from which I contacted the local fire department to see what was going on. I inquired as to whether air-raid sirens had gone off and asked if any sort of explosion had occurred. However, no such events had taken place. Apparently, it was experienced only by my friend and I.

What did these alarming, mysterious experiences back in February of 1991 mean?

If we are truly now in the midst of the Grand Supercycle crash, I'm afraid the world might soon find out.

Tuesday, October 07, 2008

The Grand Supercycle Crash

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The Dow plunged more than 500 points today after losing more than 300 points on Monday. The psychologically critical 10,000 mark was decisively breached as the Grand Supercycle crash, which I'd been warning all year could occur this autumn, takes full form on Wall Street.

On Monday, before the stock market opened, I jotted off a note to five key professors at the graduate school of economics where I've returned to complete my Master's thesis this semester after a ten-year absence. Here is what I wrote:

Hi all,

It looks like 'The Crash' is here that I've been busy warning the world about since I wrote my first related paper, The Second Great Depression?, back in my senior year of high school just before the '87 stock market crash. My most recent related writings on the matter are on my homepage and my blog.

My thesis, Manic-Depressive Man, elaborates on many of the arguments presented in the writings referenced above in further detail, but, given that the historical conclusion of my work is now evident, I thought I'd better give you a preview.

I must admit I was somewhat dishonest in my reasoning behind returning to college to complete my work in that I indicated it was for my own sake. Indeed, I believe I've returned for your sake as well. You are very intelligent professors, but, as I recognized at the time I was in school, this means you are quite good at outsmarting yourselves. Just because a lot of savvy people agree on certain beliefs does not make those beliefs true....a point well reflected by the uncanny capacity of our $50 billion-a-year intelligence services to consistently err.

When I left the graduate economics program before, I had not passed the prelims. I like to tell people that the first time I took the exam, my professors said I failed, but the second time I took the exam, I wrote that my professors failed. Here is what I mean.

According to reigning economic theory, greed, in effect, is good. If economic participants engage in pleasure-maximizing and profit-maximizing behavior, i.e., this is the 'objective function' of consumers and businesses, and everyone freely competes for possession of the world's wealth, then, in the long-run, it is believed that market societies will tend toward general equilibrium and Pareto optimality, i.e., social harmony and maximum happiness for all, as if society were governed by some imaginal Invisible Hand.

This is a pleasant, but most dangerous, popular delusion IMHO.

The historical reality for market societies is one of boom and bust, swings between collective prosperity and mass depression. As Joseph Schumpeter correctly described in Business Cycles, the prevailing instability is characterized by cycles within cycles within cycles, including very long waves of economic activity like the Kondratieff Wave:


This idea of cycles within cycles is brought to its full historical light by the Elliott Wave Principle popularized by Robert Prechter. According to the Wave Principle, the cycles within cycles underlying economic change and social progress and regress abide by fractal geometry evident in time series of market price movements, particularly in the stock market:


According to this pattern, world history has recently reached a Grand Supercycle peak, or even a Millenium Cycle peak, which, for all intents and purposes, represents the peak of Western Civilization.

Thus, in the long-run, markets have tended toward an ultimate general DISEQUILIBRIUM that is now resulting in a Grand Supercycle crash and maximum unhappiness for all.

What should be drawn from 'The Crash' is that selfishness is not a virtue, contrary to the mindset of Alan Greenspan (a protege of Ayn Rand) and the other market 'experts' who have overseen the effective self-destruction of the global economy.

The moral philosophy being advanced under the auspices of science is, in fact, a prescription for collective suicide. The extent to which this is so is best revealed by how almost no one has been interested in what the enemies of the free world have truly been up to over the last couple of decades, i.e., misleading the West into military defeat. Because people opt to believe what they want to believe, this world has come to believe an extraordinary popular delusion of perpetual peace and prosperity, when the truth is that war and depression are on the historical horizon. As I have long hypothesized, there is reason to believe our species is suffering from a Global Bipolar Disorder leading to this world's near suicide.

Hopefully there will be time for me to fully explain my concerns in the context of my Master's paper, but I figured I'd send you this note ahead of time given the current alarming developments on Wall Street.


I'm yet to receive a response to this note from any of my professors, but I imagine the sharp drop in the stock market over the past couple of days has girded their attention.

Will those teaching the virtue of selfishness realize the error in their ways?

At what point does man have his moment of truth?

I deeply pray that it doesn't literally take World War Three for this world to get the point God has so long been seeking to make, but for now my thesis remains unaccepted.

Sunday, October 05, 2008

Thy Kingdom Come...

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The DJIA closed down 157 points on Friday:


The Dow had been up as much as 300 points prior to the vote for the $700 billion bailout package. Once the bailout was approved, however, severe selling ensued as it apparently dawned upon investors that the government's newest rescue effort is way too little way too late. The hard truth of the matter is that the only way to have prevented the current financial meltdown is to never have let the credit bubble get so insanely out-of-hand in the first place. But, alas, man's greed almost knew no bounds!

The stock market's action last week was technically disasterous. The S&P was down 7.5 per cent, the Nasdaq fell 9.3 per cent and the Dow Jones dropped 5.5 per cent....the worst weekly sell-off in six years.

Importantly, the lower channel of the stock market's decline since the Grand Supercycle top last October was violated on the downside:


This is akin to the bottom following out of the market....a point that might become abundantly clear with a decisive break below the psychologically critical 10,000 mark in the DJIA.

Notably, the Dow Transports seem to be leading the way lower and plunged more than 8% Thursday. The index is poised to drop below the January low at 4000 and put the proverbial final nail in the coffin for the stock market in terms of Dow Theory:


All indications are that we are in wave-3 of wave-(3), i.e., the initial crash wave, of the Grand Supercycle bear market. Even though the stock market is currently very oversold and contrarian indicators such as the VIX and put-to-call ratio suggest a significant low is near, the scale and power of this crash wave are so great that the global panic might still only be in an early stage. Accordingly, a full-scale '29/'87-style stock market crash could unfold as early as this week with 'black' panic days on Wall Street where equity prices fall 10%+ in a single trading session.

As I've been warning about since last spring, the Grand Supercycle crash is proving to be an autumnal event consistent with the historical pattern of man's seasonal mood swings. Thus far our species' collective emotional breakdown is constrained to financial and economic affairs, but, if my Global Bipolar Hypothesis is accurate, the world could soon find itself embroiled in a severe military confrontation between East and West that could end in global thermonuclear war. Let's pray earnestly that this anticipated, horrific phase of the Grand Supercycle crash, which I've supernaturally foreseen, remains a long time off, but I'm still deeply concerned about the immediate future on this score.

What's important for everyone to realize is that history is unfolding in this catastrophic way because of man's failure to heed God's wisdom and warnings. Our species simply has not learned from its repeated mistake. Whether it be Judaism, Christianity, Islam, or almost any other of the great religions, man has been repeatedly told throughout history that God created us to do His will to love one another and seek peace and harmony. Rather than heed God's message, however, man has opted to go his own way, deny our Creator and be selfish beyond all reason. The inevitable consequence of this foolishness is the crash of human civilization thus fulfilling apocalyptic prophecies meant to dissuade us from our current collective insanity in the first place!

So how can this world be saved?

Might I suggest that everyone truly begin to abide by the American motto, In God We Trust (which erroneously appears on money!). Rather than denying God and living for ourselves....rather than struggling over possession of the world's limited resources and having blind faith in mammon and some imaginal 'Invisible Hand' to manage the world's affairs....let's place our trust in God and share His wealth. All mankind needs to accept that there truly is a God in heaven who created each and everyone of us, who loves us without bounds, and who requires that we obey the Golden Rule to love one another so that we don't end up completely destroying ourselves and the world we inhabit. Let there no longer be haves and have-nots, lest the Lord take everything away.

In order to facilitate our redemption, God has returned me to this ill-fated world to once again try and show humanity the way to His Kingdom. This is not a role I personally want, nor is this a task I feel I could ever make happen. But, given the potentially world-ending crisis we are in, I guess each one of us needs to radically step out of our comfort zones and try to do the right thing for God's sake as well as our own.

So be it...
Our Father, who art in heaven,
Hallowed be thy Name.
Thy kingdom come.
Thy will be done,
On earth as it is in heaven.


Ashes and diamonds,
foe and friend.
We were all equal,
in the End.

Thursday, October 02, 2008

God's Number Seven

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The DJIA fell 777.7 points on Monday which was a decline of 7%. That this might have been a prophetic day for Wall Street seemed symbolized by how the opening bell never rang because of an electronic malfunction. Notably, on Monday there was a new moon that was in the 7th degree of the 7th sign in the zodiac, Libra. This new moon marked the beginning of the 7th lunar month of Tishri in the Jewish calendar and the start of the Jewish year 5769 and a new 7 year Sabbatical cycle (see below). What's more, 9/11 occurred 7 days before Rosh Hashanah at the beginning of the Jewish year 5762. Thus, according to the Hebrew calendar, Monday was 7 years and 7 days after 9/11.

What's so special about the number 7? Seven is God's number:

In the Hebrew, seven ([b'v, - Sheh'-bah) is from a root word meaning to be complete or full. This can be clearly seen from the first time a varient of this word is used in the Bible.

Thus the heavens and the earth were finished, and all the host of them. And on the seventh day God ended his work which he had made; and he rested on the seventh day from all his work which he had made. And God blessed the seventh day, and sanctified it: because that in it he had rested from all his work which God created and made. [Genesis 2:1-3]

God rested on the seventh day because his work of creation was complete, entire, perfect. Thus seven represents this perfect completeness and also it represents rest, as in the rest that is taken from work. It is from this same word that the Sabbath, the day of rest comes. But as well as this spiritual perfection, seven seems also to be used in another way in scripture.

Patterns of sevens run through the scripture more abundantly than any other number. Where patterns of other numbers run through a scripture it is often symbolic of something to do with that number, however patterns of seven about all through scripture to the extent that it could be seen as being a part of God's seal that the writing is indeed scripture. Thus seven might also be known as the number of God's seal. (SOURCE)

Importantly, I believe the Grand Supercycle crash that is now unfolding has everything to do with the opening of the 7th seal from the Bible's Book of Revelation.

On this note, please watch the videos below from Prophecy In The News regarding the 7 year sabbatical cycle (NOTE: There is an updated video on their web site). The pastors contend that the prophetic tribulation period might be starting with Rosh Hashanah and the new Jewish year of 5769, which started after sundown Monday:

A PRIMER ON THE SABBATICAL YEAR

2008-2015 SABBATICAL CYCLE - JEWISH PROPHECIES
[Also on YouTube: Part 1 | Part 2 | Part 3]

(Note that the authors predicate their emphasis on the current sabbatical cycle for the tribulation period based upon a rare 'tetrad' of solar and lunar eclipses that line up with the major Jewish holidays in the year 2015, when the next sabbatical cycle begins, suggesting this is when the Kingdom Of God ruled by Christ is realized. No tetrads occurred between the 16th and 19th centuries, but in the 20th century they occurred in 1948 and 1967 precisely matching the rebirth of Israel and the recapture of Jerusalem by the Jewish people, respectively. See the related Prophecy In The News videos: PART 1 | PART 2)

Are we entering the 70th week of Daniel as they say?

Maybe....I'm fairly certain this is 'The Crash' getting underway. And it was in seeking to discern what 'The Crash' was all about that I had a related prophetic vision, i.e., an outbreak of all-out war in the Middle East that would result in global nuclear war. This war is the fulfillment of Biblical prophecies of the 'Apocalypse', which literally means revelation. By revealing the truth of man's wrongdoing so that it can no longer be denied, humanity will learn to heed God's Will such that His Kingdom can be established on earth completing this cycle of world history in the process of Creation. Thus, a millenial 'day of rest', where peace on earth and social harmony prevails, can begin.
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