Trend Table for BCV - Bancroft Fund, Ltd.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 18	C	Strong	Up	Up	Up	9.12%
Dec 15	C	Strong	Up	Up	Up	8.57%
Dec 14	C	Strong	Up	Up	Up	9.12%
Dec 13	D	Strong	Flat	Up	Up	12.26%
Dec 12	C	Strong	Down	Up	Up	13.41%
Dec 11	C	Strong	Down	Up	Up	13.49%
Dec 8	C	Strong	Down	Up	Up	14.45%
Dec 7	C	Strong	Down	Up	Up	14.15%
Dec 6	C	Strong	Down	Up	Flat	16.04%
Dec 5	C	Weak or Absent	Down	Up	Up	15.43%