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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 15	B	Weak or Absent	Up	Up	Up	0.62%
Feb 14	C	Weak or Absent	Up	Up	Up	2.12%
Feb 13	C	Weak or Absent	Up	Up	Up	2.82%
Feb 12	C	Weak or Absent	Up	Up	Up	4.39%
Feb 9	D	Weak or Absent	Up	Down	Flat	6.14%
Feb 8	D	Weak or Absent	Up	Down	Flat	6.15%
Feb 7	D	Weak or Absent	Up	Down	Flat	6.00%
Feb 6	C	Weak or Absent	Up	Up	Up	4.53%
Feb 5	D	Weak or Absent	Up	Down	Flat	5.85%
Feb 2	D	Weak or Absent	Flat	Down	Down	6.30%