Trend Table for BCV - Bancroft Fund, Ltd.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 29	F	Weak or Absent	Down	Down	Down	12.80%
Feb 28	F	Weak or Absent	Down	Down	Down	13.83%
Feb 27	F	Weak or Absent	Down	Down	Down	13.39%
Feb 26	D	Weak or Absent	Down	Down	Down	12.87%
Feb 23	F	Weak or Absent	Down	Down	Down	13.09%
Feb 22	D	Weak or Absent	Flat	Down	Flat	12.15%
Feb 21	D	Weak or Absent	Flat	Down	Flat	12.15%
Feb 20	C	Weak or Absent	Up	Up	Up	10.73%
Feb 16	C	Strong	Up	Up	Up	10.10%
Feb 15	C	Strong	Up	Up	Up	10.38%