The DJIA and Nasdaq Composite stock indices reversed decisively from the psychologically important 13K and 3K marks today, respectively:
The Nasdaq Composite reached a high of 3000.11 on March 1st and the DJIA closed at 13005 on February 29th. This may have been the Elliott Wave Primary wave-2 peak in mass mood before the Apocalypse Wave that may now be underway with today's sharp drop in stock prices.
[Other stock markets around the world: UK 6K, Germany 7K, Japan 10K, South Korea 2K, Taiwan 8K, Singapore 3K, Indonesia 4K.]
As explained in my thesis and reiterated in this blog time and time again, reversals from psychologically significant thousand marks in major stock averages often correspond with major historical shocks like the 1973 Yom Kippur Arab-Israeli War, Iraq's 1990 invasion of Kuwait and the terrorist attacks against America on 9/11:
What about this time around?
Again, the major concern is that, according to the Elliott Wave Principle, the next leg down in mass mood should be what I've dubbed the "Apocalypse Wave":
As can be seen above, according to Robert Prechter, the "Elliott Wave Theorist", a 90%+ collapse in U.S. stock prices is being projected according to the Wave Principle.
Where would such an epic collapse in mass mood come from?
Obviously that's what I've been trying to warn the world about for literally half of my life since suffering an apocalyptic vision in February of 1991 that began with seeing a special report of a chemical SCUD missile attack on Israel.
Is it possible the world is now about to experience what I foresaw 21 years ago?
I hope and pray not.
However, here is an interesting tidbit of information that seems to suggest Israel might strike Iran's nuclear sites sooner than later....an action that could result in what I foresaw in 1991.
On Thursday the Jewish holiday of Purim will occur that commemorates God's salvation of the Jewish people from annihilation by the Persians as accounted for in the Old Testament's Book of Esther.
Here's what's remarkable about Purim in recent history (list of Purim dates):
1. Purim 1991 (2/28) - The first war against Iraq ends.
2. Purim 2003 (3/18) - The second war against Iraq begins (actually next day: 9:34 p.m., March 19 EST).
3. Purim 2008 - (2/21) A 7.2-magnitude earthquake hits western China.
4. Purim 2010 (2/28) - An 8.8 earthquake strikes Chile (actually 2/27 - Purim began at sunset that day - sixth largest earthquake ever to be recorded by a seismograph).
5. Purim 2011 (2/20) - NATO military intervention in Libya begins. (Intervention began the night of 2/19 which was precisely when Purim begins, i.e., after sunset. Interestingly, if you turn the word Libya into Hebrew letters, it spells 'G-d's heart' (לב-יה). Also note that days prior, on 3/11/11, Japan suffered a 9.0 earthquake and massive tsunami.)
What about 2012 (March 8)?
Well, maybe it is telltale that during Israeli Prime Minister Netanyahu's visit to the White House yesterday, in which the possibility of an Israeli strike on Iran was the primary topic, the Jewish leader left a decorated scroll telling the biblical story of the Book of Esther as a gift.
Was Benjamin Netanyahu signaling something?
Regardless of the when and where of what is about to unfold, the important point is that Israel and America need to be aware they are coming under God's judgment for their "sin", i.e., for rebellion against God in their relentless pursuit of Mammon:
[Korea also bears watching, especially given my Global Bipolar hypothesis and the implications of the Taegeuk yin-yang symbol on the South Korean flag along with the fact that the Korean DMZ is the last active battle line between the Communist East and Capitalist West. Note how three Asian stock markets likely to be impacted by Korea have just reversed from key thousand marks in their major averages: South Korea, Taiwan and Singapore. The bottom line is this, there's a reason that America's enemies have been given the upper hand to deceive, destroy and subjugate us in the name of Communism (care for thy neighbor as thyself) and Islam (submission to God's will).]