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 1	D	Weak or Absent	Up	Flat	Flat	5.71%
Jan 31	C	Weak or Absent	Flat	Down	Down	6.45%
Jan 30	D	Weak or Absent	Flat	Down	Down	6.30%
Jan 29	C	Weak or Absent	Up	Flat	Down	5.41%
Jan 26	C	Weak or Absent	Up	Flat	Down	5.26%
Jan 25	C	Weak or Absent	Up	Flat	Down	5.41%
Jan 24	C	Weak or Absent	Up	Up	Flat	4.53%
Jan 23	C	Strong	Up	Up	Flat	4.68%
Jan 22	B	Strong	Up	Up	Flat	3.95%
Jan 19	C	Strong	Up	Up	Flat	4.53%