Trend Table for BCV - Bancroft Fund, Ltd.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 15	F	Weak or Absent	Down	Down	Flat	15.43%
May 12	F	Weak or Absent	Down	Down	Flat	15.36%
May 11	F	Weak or Absent	Down	Down	Flat	15.01%
May 10	F	Weak or Absent	Down	Down	Flat	14.15%
May 9	F	Weak or Absent	Down	Down	Flat	14.23%
May 8	F	Weak or Absent	Down	Down	Flat	14.76%
May 5	F	Weak or Absent	Down	Down	Down	14.79%
May 4	F	Weak or Absent	Down	Down	Down	16.01%
May 3	F	Weak or Absent	Down	Down	Down	15.29%
May 2	F	Weak or Absent	Down	Down	Down	14.87%