From http://deceptionbytes.com/LatterRainHeresies
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The following ideas and beliefs are characteristic of Latter Rain movement also known as Manifest Sons of God, The Melchizedek Order, New Apostles, The Third Wave, Manchild Company, and other names. These ideas and beliefs are steeped in new age philosophies, mysticism, gnosticism, and outright occultism and are being propagated in the church as a whole.
The following ideas and beliefs are characteristic of Latter Rain movement also known as Manifest Sons of God, The Melchizedek Order, New Apostles, The Third Wave, Manchild Company, and other names. These ideas and beliefs are steeped in new age philosophies, mysticism, gnosticism, and outright occultism and are being propagated in the church as a whole.
The following was taken from the Book Strange Fire, The Rise of Gnosticism in the Church written by Travers and Jewel van der Merwe.

See whether you can identify any of the following heresies:
1. Have an "elitist mentality".
2. Consider themselves essentially Divine, equal to Christ.
3. Believe they are the Manifest Sons of God.
4. Believe their Divinity comes from within themselves.
5. Reject the literal Biblical view of the resurrection and the "rapture" of the church.
6. Are Overcomers and Conquerors of evil and the world.
7. Are in the process of becoming perfect and immortal in this age.
8. Claim to be members of the Melchizedek Order - High Priest with Christ.
9. Will purge the world of undesirables.
10. Will reign on the earth as gods.
11. Attribute their revelations to the Divine Gnosis (knowledge) located in them.
12. Share the same political ambition to establish the government of the "Sons of God" to the exclusion of the personal presence of Jesus Christ.
13. Insist the Bible should be interpreted allegorically, symbolically and spiritually.
14. Believe it is wrong to interpret the Bible literally.
15. Reject Israel as a chosen nation of God.
16. Are anti-Semitic.
17. Reject the written Holy Scriptures as the final, inerrant and infallible Voice of God above all other voices or experiences.
18. Stress love and unity with little or no regard for sound doctrine or a sound mind.
19. Reject the resurrection and redemption of the body.
20. Spiritualise the resurrection and redemption of the body.
21. Reject the personal coming of the anti-christ.
22. Look forward to the dawning of the New Age on earth, ushered in by a select group of Overcomers, the Sons of God.
23. Reject Orthodox Christianity.
24. Are always receiving "new deep truth" apart from Scripture.
25. Are essentially into "mysticism".
26. Believe in the attainment of perfection and immortality here on earth without a literal resurrection and Rapture.
27. Rejects redemption by the blood of Christ.

The spirit of man is the god-man. These heresies project the following picture: The New Wave "Mystery Babylon" (New Age Religion) riding on the back of orthodox Christianity fulfilling the age long dream of the "Church of Illumination" (Rosicrucian/Gnostic church) i.e., the uniting of the Church founded on "love" and "godhood" - Satan's fruit. THE CHURCH OF ILLUMINATION has been steadily at work with the idea that ultimately the various churches would merge for the benefit of all religions as well as of all mankind. THE CHURCH OF ILLUMINATION looks forward with confidence to a constantly increasing feeling of good will and religious tolerance among the various creeds, so that some day in the not too distant future the dream of unification can be realised and one all-embracing religion taught to all the peoples of all the earth. [The Church of Illumination by Rev. R. Swinburne Clymer, M.D., Quakertown, PA, USA.] This is the vision the Church, for the most part, is accepting and upholding, above the Scriptures. This is the "elitism" that fundamentalists, charismatics, pentecostals and evangelicals are now opening to. This is the mysticism that enshrines the new age form of "elitism" in the Church