Trend Table for BCV - Bancroft Fund, Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 11	B	Strong	Up	Up	Up	2.21%
Jul 10	B	Strong	Up	Up	Flat	3.42%
Jul 9	B	Strong	Up	Up	Flat	3.38%
Jul 8	B	Strong	Up	Up	Up	3.05%
Jul 5	B	Strong	Up	Up	Up	2.94%
Jul 3	B	Strong	Up	Up	Up	3.02%
Jul 2	B	Weak or Absent	Up	Up	Up	3.51%
Jul 1	B	Weak or Absent	Up	Up	Up	3.65%
Jun 28	B	Weak or Absent	Up	Up	Up	3.38%
Jun 27	B	Weak or Absent	Up	Up	Up	4.31%