Trend Table for BCV - Bancroft Fund, Ltd.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 19	F	Weak or Absent	Down	Down	Down	13.01%
Dec 16	F	Weak or Absent	Down	Down	Down	12.01%
Dec 15	F	Weak or Absent	Down	Down	Down	11.49%
Dec 14	F	Weak or Absent	Down	Flat	Flat	9.87%
Dec 13	F	Weak or Absent	Down	Flat	Flat	9.75%
Dec 12	F	Weak or Absent	Down	Flat	Flat	9.81%
Dec 9	F	Weak or Absent	Down	Down	Down	10.38%
Dec 8	D	Weak or Absent	Down	Flat	Flat	9.68%
Dec 7	F	Weak or Absent	Down	Down	Down	10.38%
Dec 6	F	Weak or Absent	Down	Down	Down	10.51%