What is Trade Triangle Technology? Its a award winning stock picking technology by the US research house INO group. In simple words its a rating system based on certain parameters. +100 means a strong up-trend, and -100 means a strong down-trend. A stock or an index can be traded when its trend is on change and can be held till the trend reverses.

Now lets see, what are the parameters in Trade Triangle Technology?

• +/- 10 points for last hour close above / below 5 hour Moving Average
• +/- 15 points for new 3 day high/low in last 3 days
• +/- 20 points for last price above/below 20 day moving average
• +/- 25 points for new 3 week high/low in last 3 weeks
• +/- 30 points for new 3 month high/low in last 3 months

Dow yesterday closed at 8168, down almost 18 points. So, the latest Trade Triangle analysis shows the current uptrend for Dow (DJIA) is at a crossroads and has possibly ended. Look for choppy trading action in the near term. Very Weak Uptrend to be traded with very tight stops.
Based on the pre-defined weighted Trade Triangle formula for chart analysis, DJI scored +60 on the scale from -100 (strong downtrend) to +100 (strong uptrend):

↓ -10 Last Hour Close Below 5 hour Moving Average
↑ +15 New 3 Day High on last Thursday
↑ +20 Last Price Above 20 Day Moving Average
↑ +25 New 3 Week High, Week Ending May 2nd
↓ -30 New 3 Month Low in March
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↑ +60 Total score for Dow (Very Weak Up-trend).