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 3	C	Weak or Absent	Down	Up	Up	8.06%
Nov 2	B	Weak or Absent	Down	Flat	Up	10.37%
Nov 1	C	Weak or Absent	Down	Down	Up	11.49%
Oct 31	D	Weak or Absent	Down	Down	Flat	12.95%
Oct 30	F	Weak or Absent	Down	Down	Flat	13.29%
Oct 27	D	Weak or Absent	Down	Down	Down	14.13%
Oct 26	F	Weak or Absent	Down	Down	Down	13.79%
Oct 25	D	Weak or Absent	Down	Down	Down	14.12%
Oct 24	F	Weak or Absent	Down	Down	Flat	12.95%
Oct 23	F	Weak or Absent	Down	Down	Down	13.96%