Trend Table for MCN - Madison Covered Call & Equity Strategy Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 13	C	Weak or Absent	Up	Up	Up	1.42%
May 10	C	Weak or Absent	Up	Up	Up	1.70%
May 9	C	Weak or Absent	Up	Up	Up	1.70%
May 8	C	Weak or Absent	Up	Flat	Up	2.41%
May 7	C	Weak or Absent	Up	Up	Up	2.41%
May 6	D	Weak or Absent	Up	Down	Flat	3.86%
May 3	C	Weak or Absent	Up	Flat	Up	3.13%
May 2	C	Weak or Absent	Up	Down	Up	3.71%
May 1	D	Weak or Absent	Up	Down	Flat	4.89%
Apr 30	C	Weak or Absent	Up	Down	Flat	4.89%