Trend Table for BCV - Bancroft Fund, Ltd.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 30	F	Weak or Absent	Down	Down	Flat	14.30%
May 26	F	Weak or Absent	Down	Down	Flat	14.72%
May 25	F	Weak or Absent	Down	Down	Down	15.47%
May 24	F	Weak or Absent	Down	Down	Flat	15.29%
May 23	F	Weak or Absent	Down	Down	Flat	14.58%
May 22	F	Weak or Absent	Down	Down	Flat	14.79%
May 19	F	Weak or Absent	Down	Down	Flat	14.79%
May 18	F	Weak or Absent	Down	Down	Up	13.26%
May 17	F	Weak or Absent	Down	Down	Up	14.02%
May 16	F	Weak or Absent	Down	Down	Flat	14.69%