Trend Table for BCV - Bancroft Fund, Ltd.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 4	F	Weak or Absent	Down	Down	Up	13.35%
Jan 3	F	Weak or Absent	Down	Down	Down	15.48%
Dec 30	F	Weak or Absent	Down	Down	Down	15.98%
Dec 29	F	Weak or Absent	Down	Down	Down	16.40%
Dec 28	F	Weak or Absent	Down	Down	Down	17.41%
Dec 27	F	Weak or Absent	Down	Down	Down	14.72%
Dec 23	F	Weak or Absent	Down	Down	Down	14.03%
Dec 22	F	Weak or Absent	Down	Down	Down	14.30%
Dec 21	F	Weak or Absent	Down	Down	Down	12.94%
Dec 20	F	Weak or Absent	Down	Down	Down	13.35%