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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 6	D	Weak or Absent	Flat	Down	Flat	0.94%
Nov 5	D	Weak or Absent	Flat	Down	Flat	1.08%
Nov 4	D	Weak or Absent	Down	Down	Down	2.00%
Nov 1	D	Weak or Absent	Flat	Down	Flat	0.94%
Oct 31	D	Weak or Absent	Down	Down	Down	2.26%
Oct 30	F	Weak or Absent	Down	Down	Down	1.67%
Oct 29	D	Weak or Absent	Flat	Down	Down	1.08%
Oct 28	D	Weak or Absent	Up	Down	Down	0.65%
Oct 25	D	Weak or Absent	Flat	Down	Down	0.94%
Oct 24	D	Weak or Absent	Flat	Down	Down	1.08%