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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 18	D	Strong	Flat	Up	Down	6.45%
Dec 15	C	Strong	Up	Up	Up	5.41%
Dec 14	C	Strong	Up	Up	Up	3.81%
Dec 13	C	Strong	Up	Up	Up	5.26%
Dec 12	B	Strong	Flat	Up	Flat	6.27%
Dec 11	B	Strong	Up	Up	Up	4.55%
Dec 8	D	Weak or Absent	Down	Up	Flat	7.31%
Dec 7	D	Weak or Absent	Down	Up	Flat	7.61%
Dec 6	B	Weak or Absent	Up	Up	Up	4.13%
Dec 5	C	Weak or Absent	Down	Up	Flat	7.76%