The following is a presentation of T-F-N-N. The Tiger Technician Hour with your host, Basil Chapman. Call now toll free at 1-877-927-6648. Turn nationally at<PHONE_NUMBER>. Now, Basil Chapman. Hello, everyone, Basil Chapman, Tiger Technicians Hour. My pleasure to be here on this 24th of October. Wow, a week to go. We wrap up October. That candle is going to be so important. Dyes down 52 SMBs of 3.75. I've spoken about this maybe for about three weeks now. I've been saying this is a very diverse market in the sense that there are some stocks even within the same sector that are doing well and others are doing very poorly. And because of that, you can see that's the trading range that we've been in. Why look even today? You've got a Microsoft up 2.81. And at the same time, if I can just find it, give me one second. I moved everything around here. Let me see if I can get this right here. I was in a bit of a rush. Had to just do a quick errand, came back in time, but barely. Let me just see. All right, Intel comes out with earnings today. I believe it is off to the bell. That's going to be important because yesterday, you had lamb research coming up with fantastic earnings. It was looking terrible as a chart. I'm coming back to the down a moment. I just want what I'm thinking about it. LRCX lamb research. Look, yesterday, it was down the 233 area. It had been struggling. It was near the all-time high, but it was struggling. Sideways from 244.98 pulls back to the 225 area, goes to 244.58, 40 cents below the all-time high. I mean, how many times have we seen that this year? It's just incredible. This is a daydating. I can show you stocks that have monthly charts that have come back to within pennies of the previous hour after a sharp decline. Hey, wait a minute. Now all of a sudden, it's up 25 points. It was up 10 points, then it was up 12. Then this morning it looked like it was up 14 or 15. Now it's up 25. I think there's a short covering, plus some new buying. I'm not sure just how much new buying that could be at all-time highs. I don't care how convinced you are. And this is only a leg C in the monthly, but I'm sure no one else is doing a chart formations like I'm doing, so they don't know this is a leg C, should go to a leg D in the chart methodology. But wait a minute, all-time high, I think this is more short covering and some people who are maybe adding to positions saying we're treated as a trading position. I'm not sure there'd be brand new buyers of this particular land research, land research semiconductors. Probably one of the leaders in the group, I believe Taiwan semiconductor is probably a better example of a company that's got orders that we can actually tell because it's public orders that are huge orders coming in, hasn't yet gone to a new recovery high, although at 50.78 it is just an eye blink away from the all-time high of 51.21. So we're watching that, but at the same time as Xilinx in the same sector of semiconductors down to $1.14 in 92.64, all-time high was $1.41 back in April of this year. A huge move up from the 60s to $141 and now it's giving a chunk of it back. So that's what I'm saying. And now let's look at UTX, United Technologies. There's a Dow stock, beautiful, up at $1.79. So in the breakout, as I mentioned yesterday, it was breaking out of the downtrend, the Chapman Web Insight Track repellent zone. Boom, goes to $144. Here's the exact example. September of 2018, $144.15, drops 44% to $100 in December of 2018. And within months, it goes all the way back to $144.40, 35 cents higher. And then it drops sharply down to the 120s. Now it's at 141. But wait a minute, that's United Technologies. The cannibal is a deep cyclical and it's down $2.22 today, and $133.14, being repelled from its Chapman Web Insight Track weekly and monthly, very long-term repellent zone.  How do charts know on a diagonal where there's resistance? That to me is always just like a miracle. I have a theory. It's not one that I'm sure that we could discuss in terms of mathematics because it has to do more with emotion. And it has to say that at a certain emotional point, the emotion runs out. And it depends where your starting point is, but it's kind of an equidistant move to the upside very often. And look, you can see that. Look, that move back from in Canopola, back from the low of the week of the 5th of May of this year, at 118, screams up to 140.62. The week of the 19th of July then pulls back sharply and then it runs up again about the same amount of points. So you can see that's where it gets a little tired. Somebody's bumping in and now the technicals are starting to improve to the point where if it can hold support, if it can hold above the 131 to 129 moving average supports and then start another move, maybe this is the one that takes it higher. We'll see. So this is what I'm talking about, the divergence between within sectors. All right, let's get back to our story here. So I did the down. Let me just do this again, INDU. I just want to show you automatic support levels right here in the 120 minute at 26,746 and 26,729 and 26,725. What was the low today? The low today was 26,725.46. How about that for holding support? If it keeps testing it and then breaks it on the downside, that's not going to be good action. So that's this chart on the right on the left is actually a daily chart. Look at the daily chart right here as well. I show my subscribers every day. This is a 120 minute chart. Went to a chapter five, a leg C could still go down, down to a D. The daily chart is holding the 20 period exponential moving averages. It has to hold it. Otherwise it's a real problem. I'm going to get to a couple of questions that I think are important questions. Remember, I like to think of the chapter of methodology as being one of those techniques. You know how everybody says, oh, you can't get the exact top and you can't get the exact low. Well, we've demonstrated a number of times this year already that we've been able to get almost the day of the exact low in June the third. We've got a number of times just about the high. We've got seven points of the high in July using the chapter of methodology. Does it work all the time? Of course, nothing does. I missed some of the lows because of the manner in which they happened. It just didn't get in on time. And then we finally got in. We were almost ready to go to the short side, which we are right now. So this is very important. So you can see the MACD in the data chart is still positive. Look, sorry, the MACD itself is holding. You see the green line is above the red line. So that's positive, even though it's turning down. Stochastic now is under 80%. That's not very good. And yet my moving averages, let me just go back to this because is what I always show. I like to, these are classes that sometimes you'd even have to pay for, but I like to do them here because it just demonstrates what I'm doing, why I'm doing it. Otherwise, how on earth would you even know? You're not going to hear anyone talk about it. So here we are. So we had the cell signal over there that was back in April. We had the cell signal, bad news cloud cover back in July. We had the cell signal, bad news cloud cover in September. And we've just had another one. I'll be back. Pause the chapter. Dile down 75 messages of one. Do you like that? If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Headed by Steve Dahl, TAS understands that in today's technological world, the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the TAS Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money-back guarantee, so you have nothing to risk. Start your subscription by visiting the front page of TFNN.com today, and you'll find the TAS Profile Scanner under the Services tab. Sign up today. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa, and Clearwater markets? Tiger Real Estate, LLC, is a firm that has extensive experience in the Tampa Bay Area. 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Hear all of the TFNN shows plus see all of the charts as they happen live and have access to archives of all of those charts. You can test drive The Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on The Tiger's Den or on the front page of TFNN.com. TFNN has launched our brand new website. You can still visit us at the same TFNN.com URL but when you do you'll see a new and improved homepage with a much simpler navigation whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com Educating Investors. All now toll free at 1-877-927-6648 internationally at<PHONE_NUMBER>. Hi folks. So let's just get back to this down down 113 recipes down down three. I don't know what the news is but some kind of news is coming out. You see when I say bad news cloud cover too many words full words I would like to have it just as one word but that's okay or dark cloud dark cloud but then you can dissolve candlestick stuff. I don't like to I don't like to have overlapping word formations. So bad news cloud cover is really important because you will not get the moving averages that I consider to be important. You can use any ones you want as long as you're consistent to use the same ones over and over. In this case it's the green line the faster moving averages crossing the black line. It took 10 days after the April high to cross badly negative. It took 13 days to cross badly negative after the July 15th July 16th sell signal. They've got the exact top seven points from the top. It took 20 20 23. Yes, it took 14 days before it broke decisively with it with the September the 12th top and it's taken up until now one from the high. I should take it from the high. Why is it from there should be from there from it's taken one two three four five six seven seven bars and we've gone on the price. We've gone underneath the 14 period moving average in the down right now. And yet the faster moving averages not yet cross negative. Isn't that it takes a while it takes time to do that. So my question the question I had was from a subscriber was wasn't very very subtly phrased and I'm not sure why I wasn't phrased a little bit nicer than that because we just nailed things. I mean yesterday we had a spectacular day. The short worked and the and the longs worked fantastically. We had the longs that were good. In fact, today one of them between when we got in just a couple of days ago and now this morning was up to 17% is pulling back right now. But we've had some really good low cut low priced stocks that are doing very well. So I'm not sure what I'll give you the exact wording in the wording is now. Can I find it? I'll find it because I think it's I you know, I use these things not as credit critiques. Oh, let's say not as criticism, but more as critiques. If it's a critique, it means that it's a kind of a constructive articulation of what that person critiquing is thinking is good or bad about whatever they listening or reading to a reading. And in this particular case, it says you say in traders corner. That's the final. This is my daily newsletter. This is the synopsis 12 or 14 or 16 bullet points of it with a paragraph that sums up everything. You don't have to go through all my notes and everything. You just get it summed up in one paragraph and then I get the bullet points of all these different either positions we have, I'd like to get or things that I always watch every like the GDX. We don't often have GDX or the TLT, but I always put in what's the parameters, etc. So it says you say in traders corner. There's a really good chance of a big market drop over the next few weeks, but you put a super small stuff on your on your short position in the ocean. Is the ocean tide going along or short in the short term? And I think I summed it up by saying we're going short. And that was my position. At the same time, I was very articulate in saying there are other areas that are working. We want to be long in those areas. I want those areas because in this particular market, you want what can go against the grain. We've got agricultural fund. And it's doing it. I mean, it was up huge and that's what we want. We want to be looking at the market in order to just be locked in and I consider myself a timer and sometimes good sometimes bad, but that's what I do. So we're trying to place that. So the the the I'm not sure why this is like a frustrating question. I understand the question and I'll answer the question. The question was that with Microsoft, with Intel coming out, there was a chance at the market at the close yesterday could actually have been up 2 to 300 points by Friday. If everything came right and if Microsoft had a really good earnings win. But the way I was looking at the market, it looked really difficult for it to do. I saw much more on the downside than the upside. So I ignored the fact that it could have been. I looked at what is and my assessment is right at this particular time. This is a great deal of vulnerability and this whole political aspect. Don't ignore it folks. This is serious stuff. I don't think you have some of you have not been around maybe for impeachment. So I've been around for this another third time. Don't take these things lightly because during impeachment hearings, etc. The market becomes extremely vulnerable. And it can move higher, but at the same time it becomes even more vulnerable than usual. So and as Polo says in the den, always a bull market somewhere and that's really what I'm trying to find for you. And I think I did that pretty well. So I don't know why I didn't get a little pat on the back. But you know the expression that I have when you take your hands off the wheel to pat yourself on the back. That's when you hit the tree. All right. So no patting on the back just to say that I was doing my best to articulate to get you through the Straits of Gibraltar without hitting the rocks if you've ever seen the Rock of Gibraltar. So that's I've always that's been my mantra ever since I started in the business. Just preserve your capital as much as you can and see if you can get through the Straits and have those really big winners every once in a while because that's what makes the day. All right. Peak D gets a peak D in the early position of riding automotive earnings must have come out fabulous up 30 points at 431 all-time high leg D in the daily leg D in the weekly. Oh, and I'll turn it count G slash C. I just I can't call it a C. Right. I mean, I'm calling it a G slash C. Why? Because there's nothing wrong at all about the monthly chart. It had a Chapman instant restart for the whole for about a year and a half now for the very first time in so many just I'd like to say thousands of charts but it's probably in the monthly charts is probably many hundreds of charts not thousands. I've seen instant restarts in just so many have you looked at the these hundreds and hundreds of charts so many instant restarts that actually became instant restarts for a new buy mode to another D not just a G but a D. So I'm calling this a G slash C. The MACD and stochastic are holding really well. This is a good sign and it's also telling me that in the marketplace of automobiles and automobile repair a lot more people are still keeping their cars longer because even though cars are lasting longer I wanted to talk about that. Should I take the time now? Yes. Isn't it ironic? This is the way markets and things work this way when the automobile was about at its most unsafe back in the 1970s with cars rusted out here in the northeast in a year you'd be rusting out in your car the speed limits were going higher and higher.  Since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion. Well originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com cancel it anytime during that trial and pay absolutely nothing get your two week free trial to Basil's newsletter the opening call today by visiting TFNN.com The path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service. 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front page of TFNN.com So folks you can see right here so all he is holding really nicely that's a riding automotive there's parts etc people are keeping their cars longer I believe and it's costing a lot more to repair so they're doing well applied materials up 3.73 5426 had earnings I thought the other day applied materials was a 21st so it wasn't a great response but now all of a sudden it was horrible yesterday kept down sharply I think because of Texas instrument and now it's up and look it's walking in the weekly chart it's walking the black line that's the 14 period moving average and the 9 period moving average is acting as a springboard so there's your cushion test that goes right down to the 14 and boom springs right back up I've got this as a leg C in the monthly chart and so this is what I'm talking about yeah you got Texas instrument look at that just the other day was at 131 yesterday it's 116 peak e in the weekly chart so now look at this you've got I did lamb research I'll do it again at RCX Intel so the big move up in lamb research this is peak there was a C so there's ABC E slash C and there's an e in the weekly chart and once again we've got leg C in the monthly chart so that's the reason why I want to I didn't want to get too carried away I do want to have a short position in the Dow I see this rotational correction going to the upside not yet to the to the downside per se in other words if we were down thousand points and we were going sideways now there would be the rotational correction at the bottom where you're trying to sort out the next winners and the next losers and this is this is a this is a positive at this point because you're really going sideways and doing this big consolidation under the auspices of trying to test new highs for you to test new highs everybody's talking about the prices are everywhere you see it's like 1% within 1% of all time high there should be one you know what I'm saying is that this is a rotational correction if we can keep this up for a little while longer we might use up all the energy to the downside and they'll just be a relief rally to the upside but we've got to be very still be very careful here because it's so selective I just saw something where was it let me go back to it over here this morning when I saw SWK which is Stanley this is Stanley this is Stanley black and deck you remember the Stanley tools and then they amalgamated with black and deck or they were taken over and they've kept the double name well I don't want to see the tool industry start to take and take on water at this particular point you've got the weekly chart just going in a trading range almost looks like the S&P here but just a wide trading range between 160 I'm sorry 150 55 to a low of the 130 area just chop chop chop and the monthly chart has gone 176 was all-time high back in January 2018 isn't it amazing look all-time high January of 2018 tell me what this is keep your eye on the right side chart look at that January of 2018 13,635 plungers to 10,723 I would say I 3,000 point plunges a plunge and then rallies all the way back to the 13,250 area pulls back to 12,400 and now trading at 13,000 98 trying to knock on the door of the chamber we've inside track repellent zone what is this this is their New York stock exchange a very broad New York stock exchange so you can see that January of 2018 saw a couple of winners going to new all-time highs later on like in September and October and the down there some P and the NASDAQ but there were many I'm looking at a lot of stocks that had not gotten back to the January highs so this is very interesting and the New York stock exchange so standing back in Decker SWK if this can hold the hundred forty three share you over the coming let's just call it the next three weeks if it doesn't break under if it doesn't go to the 142s but if it's fact it just holds sideways and has one more attempt to get to at least the 155s that'll be very good action and that's what I'm really looking at that is a rotational correction going on try to identify what's working try to identify what's not working and at the same time have a wish list there are stocks that you'd love to get for instance we've missed how many times I wanted it I think maybe we've had it just for a very brief moment TMO which is what is that thermo-efficient scientific was much thermodynamics and was thermo-efficient and thermo-efficient scientific medical equipment they've taken over so many companies and every time it's been a very good success so it goes to two hundred and five forty five peak C in the weekly chart it looks very much like it wants to at least attempt a chapter C1 C2 double top but in the meantime the 305 all-time high in the monthly chart has pretty good pretty good technicals not great right now they start to weaken prices holding and this is one of those interminable winners indomitable spirit is gone and wait a minute what about that stock I spoke about some months ago I said this stock never seems to have a recession everybody needs it everybody wants it watching it closely because when it tanks we got to take note of it what is that waste management wait a minute tank what are you talking about tanking this is gone straight up with it just a sideways move for about a maybe less than a year and then it's even went higher than that but it's been from the sixty area just in 2016 end of 2016 it goes all the way to the high which I didn't type in I should have done that forgot to do it let me put it over here this is the week of the 6th of September it goes to 121 121 77 I would say double is pretty good 121.77 September of 2019 hey that's good action now it's making the pattern we call the dreaded H wait a minute dreaded H for waste management look what is a dreaded H remember I like to look at straight lines arches or cups and you get a mixture of the lower case H we call the dreaded H because if you take out the left side low could go quite a bit lower so there's a dreaded H we also saw it do the Y formation which was very positive look oh oops wrong wrong chart the Y formation right here look tiny little Y formation boom it breaks out he has the dreaded it is an arch formation and then it broke to the upside so it has a mix all the time of these patterns all of a sudden the Magdeez terrible in the weekly chart so casting is down at 45% is way underneath all the moving averages of importance if it could very well go lower so we got to watch things like waste management because I've always said that we make it waste management starts to take more than a breather perhaps we're in some kind of at least a mini recession or a rotational recession so we're going to keep watching that huh right Home Depot another one Home Depot all time five days ago it goes to 230 I think it was 37 son 38 there 238.99 almost by Penny 238.99 and now it's pulling back and there's the cup formation breaks out to a peak D there's a second peak D remember the peak D the fourth highest peak we're always looking for those you're the pullback and it's she says being the weekly chart and legs see so looking out it's still very positive short to check watch Home Depot I'll be right back Basel Chapman Tiger technicians our I just want to talk about when we get back we're talking about the many with that double top that I was just talking about the Y formation if you're in the CD market and looking for a secure investment the Tiger first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg Florida the tax Act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bank rate.com the best rate for a four year CD in the 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at<PHONE_NUMBER> the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight fund services LLC don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger TV that's tfnn.com then hit watch tiger TV for the latest market information Hi folks look at the struggle now the Dow's down 54 speed is up 2.81 and you've got right here in the Dow what's the big movement today proctin gamble is up so I just want to show you this so in the Chamberlain methodology remember I looked at that the Y formation so you have to dread it oh did I just take that away let me just find it again if I can right here click yes so here's the Y formation straight line up and then you make a little cup formation retest that if it fails that's like the like I call it a drop bucket pattern because it's like a backhoe lifts up all the the gravel in the bucket fails to go higher than that opens the bucket boom everything falls out and here we go we've got at this particular point when the S&P tested the 3,01175 I think it was yeah 3,01175 high just after noon Eastern time the technicals were way worse than it was and that initial position right there at 1136 and it said be careful and the rule of thumb for me is in a cup formation if you take out one third to a half of the left side high flip to the base be careful because there's a good chance you're going to test the bottom if you break the bottom there's a good chance you can get a 1 to 1 to the downside well we just did that and you got your 1 to 1 to the downside plunges down to 3,000 we're actually 29975 at the double bottom rallies and it goes peak A, peak B whatever we're always looking for peak C and it gets to a peak D well we don't know if it's a peak D yet because it's a two minute chart and we're in the in this minute right now and it yep there's a peak D so we've already got into the second bar after you made the D the MACD is good but nothing like it was back there stochastic is good at 85% but it could be turning down got to be careful so I just wanted to show you and the last big move in the 10 minute chart was to peak F there was that cup formation again with the technicals that were much weaker on that big rally just off the 9 o'clock to the high of the day 3,015-25 plunges down rallies up to you know like almost a single leg A you know my rule of the single leg A that it can fail if it does certain things and here it is really being tested alright so I just wanted to show you the pattern while it was live it's better to do it live otherwise you nobody can ever be wrong if they're looking back 2020 and saying hmm let's see it went up yeah I'm saying it's going up you know this is predictive and you stand where you are at any particular time based on the patterns hmm about the when you reckon we get the furious code of phase so there are a couple of things I don't want to talk about it now maybe tomorrow and technical Friday I'll talk about it um there are a couple of things that have to happen now did I know uh two and a half years ago when I started talking about a code of phase meaning how can I best explain it in a Beethoven sonata or even a symphony the very you listen you got the first movie usually very long second movement women's pretty long third movement's fairly quickly usually in wall scouts so time then the fourth movement comes along and he tries to get all these ideas in and you think he's just going to wrap it up and you go you know I'm bomb and you think it's going to go bomb five one that's a end code and pieces no what he does is go do I'm bar you know a lot of you and he just goes on you think oh my god he's going how long is this going to go and he goes on for a little while brilliant brilliant brilliant then all of a sudden you think well this is going to you guys you know I'm barred and you don't know and he goes to another theme and then before you know it he suddenly goes do I'm bomb so these code of sections can last a lot longer than your patients like a rectangle formation number one number two is this is a period where I've been talking about where capitalism has to go totally awry so that eventually all those people that are talking about socialism and everything really have something to latch onto because capitalism as long as I can as everything I've read about and everything I've ever seen always goes from sparsity or scarcity to accessibility it just there's nothing in between why because human nature always wants a little more and a little more and a little more and a little more and that's just human nature so I don't see how we could end this without every newspaper having front-page headlines saying Dow reaches record level whatever there's going to be the major market index of the fashionable index and that's the way it's going to be just like in 2000 I just don't see it ending off the 10 years just fizzling out so I do believe that there's a Coder phase to come the whole Coder phase the excitement of the Coder phase lasts between three and six months you go from pretty much just talking about it a little bit to people you've never even heard of coming and your and your grandparents or relatives you've never even spoken to for ever suddenly calling up to say what do I buy what do I buy and we haven't had anything like that so we've got a caller on the line and we see let me go right there thank you for that reminder I don't see it is there a caller did you see the caller who's the caller hello who am I speaking who am I speaking with yes this is Charlie framing Charlie hi how are you Charlie and framing him from where framing him just yeah hi Charlie haven't heard from you in a long time how you're doing I'm doing well I am in UGAZ I bought it the other day and we got a pretty good pop today and I'm wondering if you if you think that it's going to close well I don't know it's I'm looking at a gap somewhere there may get the you're doing that the gap just from a few days ago UGAZ folks we're looking at this is the this is the three times long natural gas there was a gap from the low of the 18th at 13.52 next day gaps down to this tends to do these wild things gaps down all the way to opens at 12 87 and then it goes even low it goes to 12 42 and now it's kind of sideways and it's gone to 13 with a high of 13.23 So Charlie let me just go to the natural gas continuous contract it'll be very close but it gives me a little more information because I've got it all notated now when I see a very very sharp move down in a single leg a that tries to rally and then fails and then goes to just a nominal trough B and then tries to rally again it says that the downward pressure was done in such an intense way that the talk to the downside and then the momentum all kicked in pretty much at the same time so that you you served to used up almost all the energy and it says that pretty much there's a good chance that you're making some kind of a low to really get a reversal like an elastic band pulling back and then springing up there is no time for this little H pattern and then meandering around sideways so what I am going to say to you is from the look of it the Mac these 10 positive the stochastic actually had a nice positive divergence the weekly chart is actually technically improving this is what I'd be looking at I don't know what you do you have a stop in place what would you use as a stop I haven't used probably thinking like I don't know probably somewhere below well 35 okay so now I'm getting a lot more information about it I've got the 120 minute chart I'll tell you exact can you hold on and we'll do it as soon as we get back okay great we've got Charlie and Framian there's one or two towns over from where I live in New Massachusetts and we're looking at the down down 52 sbs of three and a half and we're looking at you guess a 0.55 natural gas itself is up as well of course I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we Tigers and Tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12 6 and 3 months Timer is the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best and what I do sign up for 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dollars click on the primal edge banner on the front page of tfnn dot com Hi folks this is Steve Rhodes stay tuned for another great hour of the trader's edge heard here at tfnn dot com Hi folks so we're back so Charlie this is what I'm looking at this is the start of an attempt of a rally just I would not I've got on on you guys itself I've got a moving average here that I think is important it's a 1335 it needs to climb above that and it has to do it in the pattern I'm looking at it really has to do it by the end of the day or by tomorrow at the latest if it can't do that it could go sideways for a little longer so on a very short term basis it has 14 period moving average supported 1297 it's a 1306 right now and then the 9th period is at 1284 and the way I'm looking at it I don't know whether what kind of how wide you want to keep the stop or you want to split it up but one part of my position at least I would say that if it takes 1280 84 in the next day or two I'd probably lighten up what you really would want at this particular point is to say hey you show me you've got the momentum I want you to move higher you move higher and I'll split my position into two parts one will have a trading stop and the other one will be my core position plus a little bit of profit as a guarantee and that's what I would try to do but it's a little dangerous after a major thrust to the downside so it might need just another H pattern it might take a little time you want speed and speed is for me absolutely imperative on this trade so you want it's a 1302 I don't want to pull back much today I wanted to be moving towards the high of the day at the close I don't know if that helps you but that's the way I would look at it hope that helps you okay I guess Charlie is just listening and he's not there but he's listening good thank you Charlie for calling so folks let's just do this we're about to wrap up you're about to go to Steve Rhodes then you've got Dave White and Tom O'Brien dows down 40 just a real mixed market I did not realize that MA Mastercard which we got smashed the other days up eight and Verizon so V is visa is up four as well and that's what I'm talking about the DOW should be much higher but it's got some very weak stocks you've got some good stocks that's why it's in a trading ban 40 points on one today I think that'll be a good sign for Friday so have a wonderful day and I'll see you tomorrow check out my opening for my newsletter the opening call right on the front page of TF and have a wonderful day Larry Pesov


My name is Daniel Rothenberg. I'm professor of practice in the School of Politics and Global Studies at Arizona State University. And they also co-direct the Center on the Future of War and our larger Future Security Initiative that links ASU with New America, where I'm a senior fellow. In addition, I co-direct the online MA in Global Security. We're now in our fifth year with the program. It's a professional program that allows students from all around the world to take our classes. We have about 175 students now. About half are currently in the military or our veterans, about 40% are minorities, about a third are women. We'll have a little video about that program. And I'm really proud to welcome all of you here today and to introduce General John J. Raymond, who's the Chief of Space Operations for the United States Space Force. And he'll be joined in conversation by Dr. Warren Singer, strategist and senior fellow at New America as well as a professor of practice with us at Arizona State University. And he'll be moderating a conversation, what is the future of conflict in space? To better understand future international security challenges, Arizona State University, one of the largest and most innovative public research universities in the country, joined forces with New America, a creative and dynamic civic institution in think tank. Our work together led to the creation four years ago of the online master's degree in global security. The interdisciplinary degree links serious ideas with practical policy oriented applications to aid professional advancement in the military, government, non-governmental organizations and the private sector. Students can pursue the security studies degree from anywhere in the world, study while working and finish in a calendar year. What makes the master of arts in global security so valuable is our commitment to working closely with each of our students to help realize their goals as well as our faculty who bring a wealth of intellectual and practical expertise to the program's diverse course offerings. To learn more about ASU's online global security degree, visit asunline.asu.edu. So I'm Peter Singer and it is my pleasure to welcome you back to this conference and lead a discussion on the future of conflict in space. And we could not have a better leader and expert to take us through this topic than General John W. J. Raymond who is Chief of Space Operations with the United States Space Force. General Raymond was commissioned through the ROTC program at Clemson University, Go Tigers. And since then he has commanded at every level, squadron, group, wing, numbered Air Force, major combatant command, including deploying to Southwest Asia as Director of Space Forces in support of operations, enduring freedom and Iraqi freedom. And so General, thank you very much for joining us today for this conversation. Well, Peter, thank you. I really appreciate the opportunity here and I'm really looking forward to the conversation. So obviously a important anniversary animates this event 9-11. Can you take us back to what you were doing on that day and how has that experience informed the way that you see the world now? I sure will. First of all, again, let me just say thanks and thanks to everybody that's joining in with us this afternoon. I did go to Clemson. I called at the Harbor to the South. So I had been in the Air Force since 1984 is when I graduated from Clemson University. As I reflect back on 9-11, I was a Lieutenant Colonel. I had just given up squadron command and I had moved to Peterson Air Force Base in Colorado Springs. I was what we call a deputy officer commander. It was interesting. We were in the middle of an Inspector General investigation or inspection and had as an exercise been in higher states of readiness when the first plane hit the tower. And then when the second plane hit the tower, the second tower, basically what we did was we took exercise off the board and put real world on and we just kept going without missing a beat. Like all of us at something that I'll never forget. What it did though for me, if you look back, as I think back on it, you know, the first, as a space officer on and we consider Desert Storm back in 1991 to be kind of the first space war. I actually believe the Cold War was actually the first space war, but it was probably the first war where we took space capabilities and we integrated. So back in 1991, the very first use of GPS that helped navigate. We used big strategic satellites to detect small-scale missiles and we saw the benefits of that integration. And largely from then, but specifically after 9-11 as we continued operating in the Central Command AOR, we get really matured net focus to be able to take space capabilities and integrate those capabilities and everything that we do is a joint and combined force. And there's nothing that we do that isn't enabled by space. I saw that firsthand when I deployed and when I came home from that deployment, a lot of my friends asked me, well, what's the one thing that warfighters need from space and what I walked away from was there's not one thing. Space is enabled, every part of space is enabling operations. Just like space enables our way of life for our nation and for our allies and partners, the average American uses space multiple times before they have the first cup of coffee. And so space is both absolutely critical. Access to space and freedom to maneuver in space is absolutely critical to our way of life and it's absolutely critical to our way of war that's largely been developed and matured since 9-11. So the theme of this conference is looking back 20 years but also looking forward 20 years. And so I'd love to hear- Just like space enables our way of life for our nation and for our allies and partners, the average American, I can't hear you, Peter. All right, do you hear me again? What I was saying is that the theme of this conference is looking back 20 years but also looking forward 20 years. Could you tell me about what you believe the chief of space operations will look like in the year 2041? Let's break this up into a couple of parts. How were they trained and developed? What was the flow of their careers? What would it be similar to your background and maybe what would be different? Yeah, I sure will. That relates a little bit to the question that you first asked me. So when I think about where I was 20 years ago today for 9-11, I had just graduated from squadron command. And so the chief of space operations in 2041 will have grown up for the vast majority of her or his career in the Air Force at that point.  And here over the last 20-something months has been a member of the new United States Space Force. And so as I reflected on this, I look at Hap Arnold. And if you look at Hap Arnold at 20 years before he became the chief of staff of an independent Air Force, he was a squadron commander doing air observation. It was an air observation squadron. And if you look at where I was 20 years ago, I was a squadron commander doing space observation. It was a space surveillance squadron. And largely as I just talked about in our first question, we have largely been focused on integrating space into everything that we do as a joint in coalition force. And it's largely been done facing an adversary that doesn't have any space capabilities. I mean, there was not a big space threat, if you will, for our operations that we've been undertaking, again, going back to your first question since 9-11. What has happened though is potential adversaries or competitors have watched how we've integrated space in this benign domain. And they have seen the advantage that that provides us. And they're rapidly doing two things. One, they're building capabilities for their own use to have that same advantage. And two, building capabilities to deny us our access to space. And so that's why we stood up an independent space force to take an opportunity while we're still the best in the world in space to have a service that comes to work every day dedicated on this warfighter. So going back to the question then, this space force chief of 2041, well, they've been in their force, we'll have the foundational part of their career will have been spent integrating space into operations. And here over the last couple of years, really beginning to mature the thought of space as a warfighting domain and an independent view of space power co-equal with all the other services. And so just as the Air Force went from largely being a supporting service to the ground forces and maritime forces, space, which is still largely a supporting service will also develop independent options to be able to compete to turn when with great power competitors that we see today and into the future. Can you tell me about the decisions that they might be making in this future? I'm thinking about everything from the grand strategy all the way down to the way that they apportion out their day, the day-to-day decisions. What will be similar to your day-to-day and your strategic thinking? And what might be different, say, 20 years out and how they spend their day and also the larger challenges that they face? Yeah, so one of the things that, going back a little bit to one of the aspects of the question that you asked last time, how will their career look like? In the 20 years from now until when they become a service chief, we hope to instill again, a better and deeper understanding of this new war fighting domain. I think we wanna instill in them a deeper understanding of deterrence because I really believe that space plays, will play a significant role in ability to deter conflict from either beginning or extending into space or, and if we can do that, well, spilling over into other domains. I think that the space force chief will also be a global, somebody with a global view. Our domain requires that. It's not, you can't split that domain up into little pieces. It requires, and it's one of the strengths that a space professional brings to the fight. The other thing that I think this professional will have to have is we'll have to have a broader and deeper understanding of all the different sectors of space, whether it be national security space, international space, commercial space, and civil space. We all operate in the same domain and the challenges that we see going forward with space becoming way more congested than what it is today with significant numbers of capabilities being launched, way more competitive with pretty much every aspect of space having a commercially viable path now as technology, it's gotten smaller and technology's become more relevant. And I see it becoming even more contested as well as we go forward. So what are the decisions then? With that kind of as a setting the stage for what those folks are gonna have to develop here over the next 20 years?  What is, what's the role of national security spaces and independent service operating in a domain that can provide independent options for our decision makers? I think some of the decisions that the Space Force Chief of 2041 is gonna have to figure out is what is, how do you, how best to deter? Our goal is not to, not to repeat, not to get into a conflict that begins or extends in the space. It is to deter that. And so I think there's gonna have to be a level of understanding of deterrence. And I think there's gonna have to be decisions on escalation control. What's hostile intent? What are rules of engagement? As we mature this warfighting domain, all of those things are gonna be part of the calculus that they're gonna have to face. The other thing I get asked all the time when people hear about the Space Force, they think we're up fighting aliens in the domain, which clearly is not our mission. But I do sense as space is our humans, and we begin to go beyond earth into what some call a kind of a multi-planet species. And as we see, just here in about three days, we're gonna, NASA's gonna launch three, or launch a rocket that has four commercial astronauts on it with no NASA astronauts, no military astronauts on there. Just four civilians are gonna go orbit around the earth astronauts on it with no military astronauts for three days before coming back. And I do see there's gonna be more of a human presence in space, which then brings into mind what is the role of the military in securing that domain to allow economic development, to allow exploration and to allow stability, very similar, very analogous to what the Navy does today in the maritime domain with maintaining security. So the sea lines of communication are free and able to be exploited. And so I believe all those things will be decisions or things that will be on the plate of a service chief in 2041. And as I had thought about that question, what I realized was 2041 is not that far away. And as I reflected back, I was disquieting. I mean, that's a relatively senior officer in the military. And so it's not as far as it seems when you just hear 2041. I wanna take your answer and flip it. You asked, what is the role of the military in security and space in this future? But you also talked about the growing civilian commercial role in space, both independently, but also increasingly as a partner to the military. What is the responsibility of these new civilian commercial partners, providers in space when it comes to the security side? I'm thinking for example, do they have to meet the same cyber resilient standards that we've seen in the traditional defense economy? What is their role and responsibility when it comes to the security side? Yeah, so first of all, one of the things that we're thinking through today and I'm very hopeful by 2041 that this will have got some rules in place, but what are the norms and behavior? No matter if you're a civil agency or a commercial agency or a national security agency, operating in space, we all operate in the same domain. That domain is gonna become more congested, more competitive, more contested. And we have to figure out what are safe and professional, what are safe and professional as it relates to the space. And like we have in the air domain and in the maritime domain, what are the norms of behavior? What do we say is appropriate on how to fix the space? Like it is gonna be even more so critical as this domain continues to change. And so I think there has to be a level of, we're all gonna operate in a safe and professional manner to keep the domain safe for all. And I think all segments of space have a role in that. I think if you look at how we work very closely with the commercial industry, there are clearly things that we've partnered with. For example, commercial satellite communications, we were live very heavily on commercial sat-com. Do I think that those capabilities need to be able to operate in a contested domain? I would say yes, that's the way that the domain is going. So I do think there are things that commercial industry and civil space are gonna have to do. But I think if I were to bring it all down to one thing I would say, we have to develop some norms of paper and rules of the road and how to operate. Let's talk strategy. You have in other forums laid out a vision of quote, defend, shift, punch. What does that mean? So the capabilities that we have on orbit today are largely built. We've been involved in space business for 50 years since the beginning of fact when space was really great power competition between us and the Soviet Union. And the capabilities that we have today are the world's best, world's best. But they're really designed for a different domain. They weren't designed for a domain that we see today, which again is congested and contested and competitive. And so we need to make, so first of all, we need to make sure that because we are so reliant on capabilities, both as a nation and as a joint and coalition force, we need to be able to protect the capabilities that we have today. And we need to train operators to be able to operate those capabilities through in a contested environment. We need to develop tactics, techniques and procedures, we need to develop partnerships. There's all kinds of things that we need to do to be able to defend those capabilities that we have. And then we need to shift to a more defendable architecture. I think we've got great opportunities here. If you look at what's going on in the space domain today with commercial industry, I mean, we have all seen whether what historically has been commercially viable in space are large communication satellites and launch vehicles. So we've seen that. We've seen Blue Origin launch Jeff Bezos and orbit. We've seen Virgin orbit launch Richard Branson at the space. And we've seen the Virgin Galactic, Virgin orbit launch payloads into space. We've seen SpaceX and the success that they've had in launching satellites and returning first stage boosters. I mean, we have all seen that taking place. And I believe that we have an opportunity to capitalize on that. What is not quite as visible is the shift towards what's being called a proliferated low earth orbit architecture. And that's what space provides from geosynchronous orbit is persistence because the earth rotates the same speed that the satellite is orbiting in low earth orbit. You don't get that persistence. So you get that persistence by adding numbers. And so you'll see SpaceX, for example, with their Starlink constellation providing global internet from space as I think upwards now over 1700 satellites we're just two years ago, a year and a half ago they had zero. And so you're seeing a significant increase in the number of capabilities that are smaller that are more responsive, they're cheaper, they're being innovative. We wanna be able to capitalize on that. And I think there's opportunities there. And I think there's also opportunities. Space provides an opportunity to continue to build global partnerships. And we're working really hard to develop those partnerships with our international partners. In fact, I just hosted a chief's meeting of service chiefs from around the world that are responsible for their space capabilities and had 22 different chiefs come to this conference. In every continent with exception of Antarctica. And so we're really developing these global partnerships that will be so important to us. And we think there's a huge opportunity there as well. So I wanna remind our audience that you can submit questions and we'll wrestle with those as well. The protocol for it is there should be a box towards the right of your video where you can submit it. If that doesn't work for you, you can also email them to events at newamerica.org. Again, that is events at newamerica.org. So general, it's arguable no other service has such a explicit connection to technology as the space force. It probably would have previously been said Air Force, but now definitely the space force. When you gather with those other space leaders, what technology is the one that is most exciting? That people believe is the most potentially game changing for the next 20 years as we look out at the future. And then I wanna layer a second question onto that. What technology do you think we get most wrong about? It may be the same or maybe a different one. So what's the most exciting, most game changing? What do we get most wrong? Yeah, from a technology side, and this is J. Raymond's personal opinion from a technology side. I think there's a couple of things that are really exciting to me in it. And it leads into something that isn't a technology benefit but I'll highlight that as well. I think there's two things that really are exciting. One is the advances in technology that has allowed for payloads to be much smaller, micro-electronic types of things that used to be, payloads that used to be the size of dishwashers that are now can be accomplished in the size of a softball. And that allows more capabilities to be put into space. It allows it to be done more cheaply. It allows it to be done more innovatively and more responsible. And so I think that that is a significant, a significant maturing of technology that's gonna continue. I think the other big piece of this then is compute power and the ability to make sense of all that data and all that information that's gonna come from space. Today, we get vast amounts of data and it's gonna be dwarfed by the data that we're gonna be able to get in the future now that we're gonna have many, many more sensing capabilities that will be up there and that if we can harness the computing power then to extract answers to really tough problems from that data, I think those are two things that I'm really excited about. The reason, the other piece of this, which isn't a technology advantage but it enables a new business model. It enables, today our satellites are very exquisite and they're the world's best. They're not cheap and they're not something that we can procure overnight. They take time to acquire. And because of that, you really wanna put a lot of mission assurance on it which then drives more increased costs and increased timelines because you can't take the risk of failure. You can't, you don't get a do-over. If you'll launch something into space and it doesn't work, you can't go up there and bring it back down and say, let's try again. And so if you change the business model to allow for an assembly line approach, you then can make different risk captains and have different risk calculus and make different decisions. And so I think it also enables more partners, more commercial partners and more international partners to participate with you. And so I think the advances made in electronics that allows payloads to be smaller, the ability to reap and extract data with computing power will be beneficial but it will help, it will really help us adopt a new business model. And it's probably not a one-size-fits-all business model. I think it's more of a hybrid. I think we're gonna have exquisite capabilities but I think there's also gonna be a robust set of capabilities that aren't exquisite but that are operational good enough. On the, what do I think we have wrong? I don't, I wouldn't say it's wrong. I would say, like I said, our capabilities are the best in the world but they're built for a different domain. And the challenge is I can't go into the nation and say, hey, I'm gonna turn off GPS. I'm gonna turn off communication satellites. I'm gonna turn off missile warning satellites and I'm gonna turn off ISR satellites and I'll come back to you in five or 10 years with new capabilities. You gotta have a bridging strategy to develop those capabilities that are built for the domain. And I, that's where we're headed is building strategies to move to a different architecture, if you will, that is purpose-built for the domain that we find ourselves in today. It's interesting, both your last answer and as you connect it to the question of compute power, everybody wants to focus on the scenario of AI, super intelligence, lethal weapon systems and the like and arguably a much more important application, kind of more game-changing is helping to solve the so-called salesman problem, letting you know exactly what to pack and where exactly to stop on your route. So you get this entire new market and efficiency. It's not as sexy, but it's actually maybe more important to both business and then its application to war fighting. Let's take that a little bit further. One of the other things that you've continually stressed is speed. You constantly talk about speed and your speeches. Tell me, what do you want to go faster? What do you mean when you're continually stressing speed? As I look back to General Bernard Schrieber back, who's the kind of father of DOD space, that's back in the 50s really developed the Intercontinental Blistic Missile Program and some of our strategic satellite programs. If you look at the timelines that they were able to develop these capabilities on, they were very, very fast. I think the entire ICBM fleet was designed and implemented in less than five years. Today, if I wanted to buy or procure a clone of a GPS satellite, exactly like a satellite that we have on orbit today, that itself takes about five years. And so I think the reason why is we've had the luxury of time. And today we don't have that luxury. Our competitors are moving very fast. And so when I say we need to go fast, we need to, we built in the Space Force a new capability development construct. And it's everything from what's the appropriate force design to requirements and how do you do requirements quicker? And then how do you acquire those capabilities at the speed of relevance? And then how do you test those capabilities to make sure that you have, you're delivering what you need and then do that cycle over again. And so that capability development cycle is something that we're working hard on to address all aspects of getting a capability from an idea to an on orbit capability in a timeframe that we need based on what we're seeing our competitors do in the domain. If you look at commercial industry, and I'll use one example, but there's multiple examples out there, but I saw this for saying that I went to SpaceX back in, not this past January, but January before and I visited their satellite factory, their Starlink factory and it was an empty room. And they told me, you know, we got to design our satellites and we're going to build this factory. I went and have an assembly line and then we're going to build satellites and then we're going to integrate them on a launch vehicle launch. Four months later, they launched 60 satellites. So they designed the satellites, they built the factory, they built the satellites, integrated them on launch vehicle launch. We want to, again, the business model that they have allows them to do that. And as I talked about in the answer to the earlier question, if we can change the design of our force structure to enable that business model to be successful for national security space, we would like to be able to take advantage of that. I think that's when I talk about going fast, that's what I'm really talking about. So before we turn it over to the audience for Q and A, I want to ask one last question and it's to actually take us back to when we were talking about the difference between and the similarities between your role and training and background today and that CSO of 2041, what is something that you spend too much of your time on right now, something that is occupying your time or is incredibly challenging, that you hope is solved by 2041? And how is that solved? So that's a nice softball question that answered that, then the conversation went, but there's a couple of things that come to mind. First thing is, and this will be solved by 2041, I hope this is solved here in the next couple of years, but we're building a service. And so when the National Defense Authorization Act was signed back in December of 19, it says, and I'm paraphrasing here, but it said, effective immediately or bouncing the journey, now the space force is up.  If that was the case, I'd be sitting here with you today saying, just a month ago, we started. And if you look now what we've done over the last course of the last 18 or 19 months, we've built all the personnel processes to bring people into the service. And if you look at the people that we're attracting, it's they're incredibly talented folks. And we have way more people knocking on our door wanting to come in than we have slots for. We've completely reorganized national security space. We have written our first doctrine. We've done two budgets. We have started doing things like seals and flags and mottos and uniforms and all those things that hopefully will songs and all the things that go with being an independent service. Hopefully all of those which designing a service. And when we went back to the app Arnold days in 1947 and so let's get his checklist on how we build a service that didn't exist. And so we've been driving the car operating national security space and building a space force at the same time all under a global pandemic. And I couldn't be more proud of the team. If you look at the advances that we have made. So that's one, I think that just the building of the space force and we're already seeing that we've got all the major muscle movements now all the major building blocks in place. And that's really, really important. The other big piece. So one of the reasons why Congress wanted to establish an independent service was that there was, they identified there were 60 different organizations and DOD that had their hands in space. And now that we have established a space force we were able to bring a little unity of effort across the department. And I think that that is well solved by 2041 as well. And as I tell our team and I tell the team in the department of defense, we want to be bold. We want to go fast and we need to all be rolling in the same direction. We're already seeing the benefits of that by establishing a space force. And those two things, the bureaucracy piece and then building a light lean agile space force purpose built for space to be able to move at speed to stay ahead of this threat to compete, to turn largely to deter and when if deterrence were to fail is something that we're focused on a lot. And I think over the next couple of years those pieces are, they'll always be work to do but the big major muscle movements of that will be done. So we've got some fantastic questions from the online audience. One of the first of them was a reference to how you talked about the need to build norms of behavior in this space. And the questioner asks, given that what are, I'm going to paraphrase, but what space based behavior is aggressive but benign and what crosses into that act of war? We need to go back to your questions, Peter. These are some really hard balls. The challenge with that is it's hard to tell. So historically, for example, if you had a capability that you were going to launch that was going to do satellite servicing. Let's say you wanted to go up and refuel satellite on orbit, the ability to refuel a satellite on orbit could be very benign. At the same time, if you have the ability to refuel a satellite, there's probably an aggressive tactic that could be taken as well. And that's one of the challenges that we see in the domain is that as the domain is dual use, a lot of the things that might to some be benign, taken another way could be aggressive. And I think that's, you've really hit on one of the key things that needs to be addressed as we talk about norms of behavior. Is that something that comes up in the, you talked about this important meeting of the different space leaders? Is that something that is being discussed right now or is it something that we need to put on the agenda moving forward? We're talking a lot about norms of behavior. In fact, our secretary of defense has recently written a memo that outlined five. I think it was five different standards of norms of behavior that we're going to follow. We are working very closely with our international partners to develop the same building on those, adopt those and building on those with our international partners to have a stronger voice together. US is leading in this business. The UK is doing a lot of work as well with the United Nations on norms of behavior. It's a topic of significant conversation. And it's a topic, not just a conversation, but when we exercise together and working together with our international partners, we're focusing a lot on these exact issues. So one of the next questions is about a proposal, not yet arguably a real technology that got a lot of attention. It's the idea of Rocket Delivered Cargo. And the questioner asked, given the Air Force's newest Vanguard program, how realistic is it for DoD to use space capabilities to deliver material? That's what the Vanguard is looking at. We think there's an opportunity there. The Vanguard will help explore that, will help tease out some of the challenges and opportunities that are faced with that. But we think there's opportunities. And that's why we stood up the Vanguard. I'm not here to tell you, we think it's going to be easy. But we're hoping that this Vanguard program can help us inform us on how viable this might be going forward. How do you avoid the problem of potential miscalculation by the target, so to speak, the adversary and that it's a little bit of a parallel of how do I know the difference of, the debates around hypersonics of something that's conventional nuclear coming at me. How do I, if I'm on the adversary side, know whether they're delivering a widget into the theater of operation versus a munition? I think all those things are things that we're going to explore. I agree with you. Those are things that would have to be worked out. Those are things that can make it challenging. I think attribution is going to be something that we'll look at technology-wise. Do we think it's technology? It's achievable from a technology perspective and a cost that makes it relevant. And then all the other policy issues that are associated with that, as you highlighted, will be things that we'll have to tease out. So another questioner asks, quote, with the importance of being able to fight SATCOM, how are you working with industry to build out a multi-band, multi-orbit enterprise architecture? In fact, when we say fight SATCOM, what we mean by that is being able to operate satellite communications through a contested environment. Our adversaries have jamming capability to be able to jam our communication satellites, a significant amount of our communication satellites. And so when we say fight SATCOM, that's what I mean. How do we operate through that contested nature? We actually published a vision a year or so ago that we put out talking about the need to be able to do just as your questioner, the question answered. Or as we work that vision with commercial industry, we've brought industry together. In my mind, when I fly to another country and I turn on my iPhone, it automatically syncs up to whatever the network is in that country. And I remember, I flew to a country and it landed and actually, as soon as it comes on, it says welcome to whatever network it is. I left that country and went to another country and landed in that country. And immediately I turned my phone on and it says, welcome to this network. What we're trying to do is figure out how to have a mesh, if you will, of communications that allows you to sync up to whatever is most viable based on the environment that you're facing. And to link up with whatever works the best. And so that hybrid mesh network is something that I think is important. We've published the vision again. We helped industry helped us inform that vision. And now as we continue to develop our communication programs, we'll continue to look to that vision as a guiding mechanism to build the capabilities we need to be able to achieve that. So now we have a question about the, not just the opportunity, but the challenge that comes from so much being put into orbit. And the question is, do you have interference concerns with the thousands of satellites like SpaceX's Starlink satellites being inserted into low earth orbit? Yeah, so we, you know, we act, the Space Force today acts as the space traffic control for the world. We, we, and it's interesting, we track about 30,000 objects that are orbiting today. Of those, you know, back, I use COVID, started COVID as a kind of a time hack. Back when we first started wearing masks, there was about 1500 or so active satellites on orbit, something like that. It was a little over 1500 satellites. The rest of all that was debris today. The numbers of satellites that we're tracking are well over 4,000. And so we see a significant growth and Starlink is, it's kind of the first out of the shoot, maybe, but there's more coming. And there's a, they might have even been the first, there's others that are up there, but, but they're the biggest so far, but there's more coming. And so we take about 400,000 observations a day of everything that's in space. We do all the analysis to determine if two things are going to potentially collide. We warn the world if we see potential collisions and we've helped somebody, but we want to consider moving because we don't want to create more debris. In fact, I think it was 2008 or two satellites collided that caused about 3000 pieces of debris. And so that is becoming, it's a full-time job to keep that domain safe. And I think it's going to, it's going to continue to increase. And I think, I think that really also then talks about the needs for, for norms of behavior. I think it talks about debris mitigation steps and people ask me all the time, how do you, how do you solve the debris problem? The way you solve the debris problem, at least initially is don't create the debris in the first place and, and, you know, don't litter space when you launch a satellite with debris, don't have two things collide, have engineering standards that, that don't cause satellites to break up at the end of their life and cause debris. And so all of those things on responsible use of space and responsible behaviors in space are important. In fact, one of the, one of the tenants that in the memo that Secretary Austin signed out on responsible behavior in space talks about limiting the generation of long-lived debris. And so it's something that we're going to have to focus on. It's going to become even more of a challenge as we, as we progress. So we have time for one last meaty question. And it's this, quote, strategist believe air power is inherently offensive, manifestly strategic and should be organized independently. Does the United States space force need a similar doctrine? We actually took a stab at writing a doctrine. And so, you know, when this, when the Air Force stood up back in 1947, it had, it had come out of World War II and there was some air power theorists, if you will, that were at what was called the air core tactical school in Montgomery, Alabama, that were developing doctrine. And the doctrine at the time was daylight strategic. And so a group of, of guardians got together on their own and in about, I think it was about 25 of them got together and wrote a doctrine called space power. You can, you can get it online. And it was our attempt, our first attempt at putting out doctrine towards that end. It's actually really good. We've gotten really good reviews on it. We know it's not perfect, but we wanted to generate the debate and the dialogue and I'd encourage people to read it and provide us their thoughts and inject, inject your thoughts into the conversation. So general, I want to thank you both for joining us and helping us to launch this conference in a fantastic manner, but also want to thank you for your leadership and all that you're doing to take space force into the future. Appreciate it. Peter, thank you. I really enjoyed the dialogue. I hope, I hope we can meet up again. As I was thinking through the answers to the question, as I mentioned to you, questions they were, they were really thought provoking and I'd love to continue a dialogue with you and whoever would like to be part of that. I really appreciated it. I thank you for the opportunity.


things to evolve. In our previous session, we had discussed the concept of individualism. In this part, we will discuss the concept of socialism, its meaning, research, marriage and demerits. The term socialism is derived from the Greek word socius, which means society. This theory may be said to be the reaction against individualism. It regards the state as an agency for promoting supreme good of the people. It believes that the state should perform maximum functions. It regards the state to be a good institution which works for welfare of all. We are talking about the concept of homaz-bad. We are discussing the concept of homaz-bad or the different types of homo-bad. The concept of homaz-bad is based on the Greek word socia. This is the meaning of homaz-society. The concept of homaz-bad is based on the Greek word socia or the different types of homo-bad. The concept of homaz-bad is based on the Greek word socia or the different types of homo-bad. The concept of homo-bad is based on the Greek word socia or the different types of homo-bad. Sociology recognizes the supremacy of the society. It wants that the state should be the owner of land and capital in the society. It substitutes private ownership by state ownership. It wants to end inequalities and to establish equality and justice in the society. The concept of homo-bad is based on the Greek word socia or the different types of homo-bad. The main exponent of socialism were Robert Wayne, Eddard Bernstein, GDH school, Chidney Webb and Karl Marx. The features of socialism. Homaz-bad is based on the Greek word socia or the different types of homo-bad. Supremacy of the society. As the very word is saying that the exponent of the social regime always try to establish the supremacy of the society. Today the society should be the supreme authority of all the activities or properties in the state. Social interest is of greater importance than individual interest. Homaz-bad is based on the Greek word socia or the different types of homo-bad. So the state should be supreme. The state ownership of land and capital. Socia is the reason belief in the state ownership of land and capital in the society. It says that capital should be socialized in the interest of all. It is against private capital and private ownership. If the state has a subordinate or an industrial basis, it is also against the individual basis. If the state is an industrial basis, it is also against the individual basis. It is against the industrial basis. So the state is against the individual basis. So socialism stands for equality and justice for all. It stands for equality and justice for all. It is against economic inequality and exploitation in the society. It wants to establish a new economic order where all will have economic security. Socialism wants the state to take measures for the welfare of all. It must work as a guardian of the interests of the people in the society. Socialism is against competition and not competition. Socialism never wants any competition in the field of economy. Instead of it, it always stands for cooperation among the people. It believes that competition in the economic field increases the gap between the rich and the poor. So competition must be ableist. Now we should go to the merits of individualism. Socialism stands for the welfare of all and not for the welfare of a few. Socialism is realistic and it deserves to make the best use of the state for collective good. It wants to protect economic interests of all. It is against private property and private ownership in the society. Thus it wants to end the unhealthy competition in the economic field. Then we may say that socialism wants state control over the means of production and distribution. So that all can have access to resources and capital of the society. Socialism is close to democracy. It stands for democratic ideals of liberty, equality and justice for all. Thus it wants to bring about positive changes in the society by peaceful means. Now we should proceed to the merits of socialism. In this regard we may say that socialism makes the state powerful by allowing it to perform maximum functions which may lead to the rise of an authoritarian state which is harmful for common interests of the society. This is a very important part of socialism. This is a very important part of socialism which may lead to the rise of a authoritarian state which is harmful for common interests of the society. Socialism may make the state overburden with work which may lead to inefficiency on the part of the state. Socialism kills individual initiated by taking the responsibility for the around development of the society. This may make the individuals ideal and dependent. Socialism is also said to be against individual liberty. With the increase of state activity the freedom of the individual becomes limited. This is a very important part of socialism which may lead to the rise of a authoritarian state which is harmful for common interests of the society. Socialism is also criticized because it abolishes private property. It is against the natural desire of individuals to acquire property which will discourage individuals to work for better results in the economic field. This is a very important part of socialism which may lead to the rise of a authoritarian state which is harmful for common interests of the society. So these are all regarding the concept of Socialism. I think you have understood the points and this regard. So thank you.


What's up everybody, I'm TheMangooz, you are awesome and it's time once again for The Road Back to Paragon, my monthly series that summarizes what's been going on with the various third person mobas that I track. I'll let you know right now that I don't have anything this month for Madabuff or Visionary Games, however, Omeda Studios and Undying Games more than made up for it with a lot of exciting stuff in October. I'm also going to be including Project Stamina, a company that is striving to revive Gigantic, another game that met its demise through corporate mismanagement instead of just being bad. I know it's not Paragon, but it's still a third person MOBA-ish game that many of my subs have expressed a great deal of interest in. Let's kick things off with Omeda Studios and Predecessor, the first big news out of them was a switch from their own servers to using Amazon Lyft to manage their hosting. This will give them the ability to run the alpha for longer periods of time, expand the number of servers to meet community needs, and a slew of other backend benefits they will no longer have to handle and can instead focus on making the game. Speaking of working on the game, they've been able to successfully add minions back onto the map. While I haven't played with minions in the game, Manny was able to try it out and says that everything seemed to be running smoothly. They also made some adjustments to how they handle your hero's field of view. It now only displays enemies to your allies and on the mini-map if you can actually see them instead of simply just being around you. This was always their plan, but they had a placeholder system in the first iteration of the pre-alpha. Currently, Smokey is working on getting the mini-map up to standard so they can add that in as well. In an effort to reduce lag, they've implemented replication graphs, which is a system that Fortnite uses to allow hundreds of people on a map without bogging things down. They've also been making quite a few map updates. Fringe has been streaming his progress showing off a test area that resembles the tutorial map that was found in Paragon. He has also continued to manufacture his own assets for the game in order to keep the appearance without bogging your system down with unnecessary polygons. In a huge surprise twist, he also revealed that he's been working on a monolith style map alongside the more legacy style map. I know many of us love legacy, but there are also those out there who enjoyed monoliths, so there's hope for all of you who prefer the smaller map. Aside from all that, the team over at Omega has also added several graphic scaling options so players can have the freedom to adjust the game to how they want to see it. Lots of exciting news out of Omega Studios this month. They still haven't released a date for when they'll reintroduce the pre-alpha, but it seems they are moving forward with purpose, speed, and motivation. Not to be outdone, Undying Games released a significant amount of information about a ethereal clash of souls this month. Along with the releasing a majority of the myth's voice lines, they also completely revamped their website. The website debuted a ton of information about the game including myth and world lore, information about a tropos, their version of the ore prime, and all of the class abilities minus the overseers. So if you want some interesting stories, cool media, and awesome voice lines, check out their website. Be sure to check out those class abilities while you're there. Not only is it an interesting concept to have class based abilities on top of myth abilities, but the ones they've assigned look extremely fun. What I feel is more important though is that they've been opening up more and more channels of communication with their fans. They often engage their potential player base via voice chat and discord, and have started disseminating information and running polls via their YouTube channel. While Undying did throw quite a bit of fuel into the furnace of the hype train this month, they do want me to remind everyone that game development takes time, and they want to do it right. They aren't releasing any dates yet, and they don't want to get people's hopes too high. They want to under promise and over deliver so that they can exceed your expectations. As far as I'm concerned, my expectations for ethereal were exceeded long, long ago. I love this one. And now the new entry into my little world of upcoming games, Project Stamina. Much of the Paragon fan base found refuge in the game Gigantic. Unfortunately, it was canceled soon after Paragon. Project Stamina aims to create a spiritual successor to Gigantic. These guys are a very solid company with great leadership that has already made significant progress towards their goal. Not only do they have character models and ability sheets, they have shown real gameplay. The gameplay uses placeholders for the heroes, but it shows that the core mechanics of the game work. I'll start covering them more closely in the future, but for now I suggest you check out their upcoming state of the game stream on October 30th. I'll post their discord and twitch links in the comments so you guys can check it out. That's it for this month, folks. Exciting stuff across the board. However, we still don't have any firm dates. I know the wait is hard, and I know it seems like it's taking forever, but the alternative is smite. Fuck's smite. Man, goooo!