Trend Table for BCV - Bancroft Fund, Ltd.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 22	C	Weak or Absent	Down	Down	Flat	11.54%
Sep 21	C	Weak or Absent	Down	Down	Flat	12.38%
Sep 20	C	Weak or Absent	Down	Down	Flat	11.33%
Sep 19	D	Weak or Absent	Down	Down	Down	12.59%
Sep 18	D	Weak or Absent	Down	Down	Down	11.96%
Sep 15	D	Weak or Absent	Down	Down	Down	12.59%
Sep 14	D	Weak or Absent	Down	Down	Down	12.02%
Sep 13	D	Weak or Absent	Down	Down	Down	12.38%
Sep 12	D	Weak or Absent	Down	Down	Down	11.55%
Sep 11	D	Weak or Absent	Down	Down	Down	11.49%