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This is not a prospectus; no offer on our part with
respect to the sale or purchase of any securities is
intended or implied, and nothing contained herein is to be
construed as a recommendation to take a position in any
market. It is possible that at this date or some subsequent
date the officers, directors and/or shareholders of Allegro
Trading Systems, Inc. and its affiliates own securities, or
buy or sell securities mentioned in this publication or
those not so mentioned. The intent of the Allegro
information supplied to STUDENT is for instructional
purposes only. Allegro information supplied to STUDENT is
designed to discuss the market environment, technical
analysis, movement of the price action, configuration of
indicators, calculation of the measurement of the trading
market and to calculate the levels of risk. The idea is that
with repetitious exposure to a disciplined approach of this
short term trading methodology, STUDENT can learn to
understand the methodology for independent application. The
material presented herein has been obtained or derived from
sources believed to be accurate, but we do not guarantee its
accuracy. There have been no promises, guarantees or
warranties suggesting that any trading will result in a
profit or will not result in a loss. Results can and will
vary between individuals. STUDENT is responsible to use good
judgment when trading. All trading system performance claims
are based on comparing hypothetical trading results with
other trading systems in the financial market. All
historical performance trading system results are not
achievable in real trading because slippage and the
psychological factors of a trader cannot be accurately
accounted for. The "System Performance"
records are representative of hypothetical trading results
of our trading systems. Reasonable slippage, commission,
individual’s emotion, levels of discipline and
self-control need to apply independently to estimate the
actual trading results. All trading involves high risk; past
performance is not necessarily indicative of future results.
Commission Rule 4.41(c)(1) applies to "any
publication, distribution or broadcast of any report,
letter, circular, memorandum, publication, writing,
advertisement or other literature…."
Commission Rule 4.41(b)(1)(I) hypothetical or simulated
performance results have certain inherent limitations.
Unlike an actual performance record, simulated results do
not represent actual trading. Also, since the trades have
not actually been executed, the results may have
under-or-over compensated for the impact, if any, of certain
market factors, such as lack of liquidity. Simulated trading
programs in general are also subject to the fact that they
are designed with the benefit of hindsight. No
representation is being made that any account will or is
likely to achieve profits or losses similar to those shown.
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