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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 15	B	Weak or Absent	Up	Up	Up	-0.23%
Mar 14	B	Weak or Absent	Up	Up	Up	2.13%
Mar 13	C	Weak or Absent	Up	Up	Up	1.99%
Mar 12	C	Weak or Absent	Up	Up	Up	1.71%
Mar 11	B	Weak or Absent	Up	Up	Up	2.68%
Mar 8	C	Weak or Absent	Up	Up	Flat	3.24%
Mar 7	C	Weak or Absent	Up	Up	Up	2.68%
Mar 6	C	Weak or Absent	Up	Up	Up	2.82%
Mar 5	C	Weak or Absent	Up	Flat	Flat	3.95%
Mar 4	C	Weak or Absent	Up	Flat	Flat	3.95%