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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 3	B	Strong	Up	Up	Flat	3.24%
Jan 2	B	Strong	Up	Up	Up	1.30%
Dec 29	B	Strong	Up	Up	Up	0.09%
Dec 28	C	Strong	Up	Up	Up	0.62%
Dec 27	C	Strong	Up	Up	Up	1.71%
Dec 26	C	Strong	Up	Up	Up	3.67%
Dec 22	C	Strong	Up	Up	Up	3.81%
Dec 21	D	Strong	Flat	Up	Flat	5.93%
Dec 20	D	Strong	Flat	Up	Down	6.90%
Dec 19	D	Strong	Up	Up	Flat	5.85%