Trend Table for BCV - Bancroft Fund, Ltd.

Current Trend Strength: Very Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	C	Weak or Absent	Up	Up	Up	25.24%
May 17	C	Weak or Absent	Up	Up	Up	25.16%
May 16	C	Weak or Absent	Up	Up	Up	25.60%
May 15	C	Weak or Absent	Up	Up	Up	25.08%
May 14	B	Weak or Absent	Up	Flat	Flat	26.92%
May 13	D	Weak or Absent	Up	Flat	Flat	27.69%
May 10	D	Weak or Absent	Up	Flat	Flat	27.69%
May 9	C	Weak or Absent	Up	Up	Up	26.37%
May 8	C	Weak or Absent	Up	Up	Up	26.31%
May 7	C	Weak or Absent	Up	Up	Up	25.80%