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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 17	C	Weak or Absent	Down	Up	Flat	10.37%
Nov 16	C	Weak or Absent	Down	Flat	Down	10.85%
Nov 15	C	Weak or Absent	Down	Flat	Down	10.69%
Nov 14	C	Weak or Absent	Down	Up	Flat	10.22%
Nov 13	B	Weak or Absent	Down	Flat	Down	11.01%
Nov 10	B	Weak or Absent	Down	Up	Up	9.28%
Nov 9	D	Weak or Absent	Down	Down	Down	12.14%
Nov 8	C	Weak or Absent	Down	Up	Up	10.06%
Nov 7	C	Weak or Absent	Down	Up	Up	9.43%
Nov 6	C	Weak or Absent	Down	Up	Up	9.13%