Trend Table for BCV - Bancroft Fund, Ltd.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 24	B	Weak or Absent	Up	Up	Up	9.11%
May 23	B	Weak or Absent	Up	Up	Flat	9.76%
May 22	B	Weak or Absent	Up	Up	Up	9.32%
May 21	C	Weak or Absent	Up	Up	Up	9.53%
May 20	C	Weak or Absent	Up	Up	Up	9.60%
May 17	C	Weak or Absent	Up	Up	Up	9.53%
May 16	C	Weak or Absent	Up	Up	Up	9.92%
May 15	C	Weak or Absent	Up	Up	Up	9.46%
May 14	B	Weak or Absent	Up	Flat	Flat	11.07%
May 13	D	Weak or Absent	Up	Flat	Flat	11.75%