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Market closes above the 3-weeks highs at the close of the trading week @ 6190...(24 hour market)

Market Risk level next week 6186... not expecting too much

 downside, any rotation will be back into the Friday's lows

6071 which will be the 3-day lows and move into a

 consoldiation phase into end of the week and into September.

Further rotation down more than likely to occur from September,

 and Whilst trading above 6185 push upwards into 6255 before

looking for reversals in the market.

Most reversals off lows occured at the same level each day. All Buying support came off double R44 lows each day as it continued to follow the weekly trend higher

Above shows Dilernia Pivots using R44 ranges bars, each level is

clearly defined. The trader never trades against the Risk level. The trader

are trading as close to support or resistance with the expectation price

 has to move 1 44 away until the range completes.

Previous days pivot plays an important role on trend direction.

Thursday's pivot was 6138, it opened at this level and pushed upwards

 44 points, and then down 44 points once it crossed over.

Friday sell-off occured from Thursday's pivot 6138 into Fridays Pivot

low. (Information should be in new book (not finished yet)

Whilst price is either above or below the Risk level price has to move

1 min 44 point direction before it completes and continues with the Trend,

it takes the guess work out on trying to pick the direction on

intra-day moves and removes a lot of the noise.

Frank Dilernia