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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 20	F	Weak or Absent	Down	Down	Down	14.46%
Oct 19	C	Weak or Absent	Down	Down	Down	14.12%
Oct 18	B	Weak or Absent	Down	Down	Up	11.33%
Oct 17	C	Weak or Absent	Down	Down	Up	10.53%
Oct 16	C	Weak or Absent	Down	Down	Up	11.17%
Oct 13	C	Weak or Absent	Down	Down	Flat	12.79%
Oct 12	D	Weak or Absent	Down	Down	Down	13.62%
Oct 11	D	Weak or Absent	Down	Down	Flat	12.30%
Oct 10	C	Weak or Absent	Down	Down	Flat	11.17%
Oct 9	D	Weak or Absent	Down	Down	Flat	11.81%