Trend Table for BCV - Bancroft Fund, Ltd.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 10	D	Weak or Absent	Up	Flat	Flat	11.75%
May 9	C	Weak or Absent	Up	Up	Up	10.59%
May 8	C	Weak or Absent	Up	Up	Up	10.54%
May 7	C	Weak or Absent	Up	Up	Up	10.09%
May 6	C	Weak or Absent	Up	Up	Up	10.31%
May 3	C	Weak or Absent	Up	Flat	Up	11.42%
May 2	D	Weak or Absent	Down	Down	Up	13.00%
May 1	D	Weak or Absent	Down	Down	Flat	14.29%
Apr 30	D	Weak or Absent	Down	Down	Up	13.42%
Apr 29	D	Weak or Absent	Down	Down	Up	13.30%