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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 29	C	Weak or Absent	Up	Down	Up	4.30%
Apr 26	C	Weak or Absent	Up	Down	Flat	5.05%
Apr 25	C	Weak or Absent	Up	Down	Flat	4.89%
Apr 24	C	Weak or Absent	Up	Down	Flat	4.45%
Apr 23	C	Weak or Absent	Up	Down	Up	4.15%
Apr 22	B	Weak or Absent	Up	Down	Flat	4.60%
Apr 19	C	Weak or Absent	Up	Down	Down	5.50%
Apr 18	C	Weak or Absent	Flat	Down	Down	6.20%
Apr 17	C	Weak or Absent	Up	Down	Down	5.50%
Apr 16	C	Weak or Absent	Up	Down	Down	5.20%