I wasn't sure if i should be posting this in here or in General or even atall but I thought Astro--Space more appropriate,if it's appropriate at all.
My thoughts are that it's someone with a sophisticated laser but the only lasers I've seen are beams. It's clearly controlled as it comes down and stops just above The Dome. of all places in Jerusalem, guaranteed to have an audience.No doubt someone with the right equipment will be able to measure the size of the light source and also that incredible speed upwards.
Here are the various viewpoints from which a video was taken.. Do people video a city at night or are they in on it ?
http://www.vancouversun.com/health/More+videos+surface+bizarre+sighting+Jerusalem/4220176/story.htmli don't understand what this sceptic is saying re. the audio but he's comparing video 1 with video 2 and he says it doesn't add up and a mistake has been made and consequently declares it a hoax.
http://www.youtube.com/user/HOAXKiller1