Thanks, Steve... I didn't see this post until after I posted my last one.  I think I had understood the leveraging/degradation risks, but not sure that I had understood all of the "implied" added risk... at least as it applied to its use in the Spy Pro system.  I do try to read and listen to the newsletters, but sometimes I'm not able to get to them all.  I know the FAQ section of the Spy Pro system has warnings about allocating your capital with leveraged investments, but perhaps a little more information to discuss/identify these potential/ implied risks and how that may or may not be reflected in the System Performance would be helpful.  But a sincere thanks for all your efforts, guidance, and recommendations based on your investing and trading experience.