Trend Table for BCV - Bancroft Fund, Ltd.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 1	F	Weak or Absent	Down	Down	Down	13.95%
Apr 28	F	Weak or Absent	Down	Down	Down	13.95%
Apr 27	F	Weak or Absent	Down	Down	Down	13.81%
Apr 26	F	Weak or Absent	Down	Down	Down	14.02%
Apr 25	F	Weak or Absent	Down	Down	Down	13.74%
Apr 24	D	Weak or Absent	Down	Down	Flat	11.73%
Apr 21	D	Weak or Absent	Down	Down	Flat	12.24%
Apr 20	D	Weak or Absent	Down	Down	Flat	12.30%
Apr 19	D	Weak or Absent	Down	Down	Flat	12.17%
Apr 18	D	Weak or Absent	Down	Down	Flat	11.83%