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 6	C	Weak or Absent	Down	Down	Down	12.14%
Oct 5	C	Weak or Absent	Down	Down	Down	14.29%
Oct 4	C	Weak or Absent	Down	Down	Down	13.45%
Oct 3	C	Weak or Absent	Down	Down	Down	14.12%
Oct 2	C	Weak or Absent	Down	Down	Down	11.33%
Sep 29	C	Weak or Absent	Down	Down	Flat	9.28%
Sep 28	C	Weak or Absent	Down	Down	Flat	9.59%
Sep 27	C	Weak or Absent	Down	Down	Down	10.22%
Sep 26	C	Weak or Absent	Down	Down	Down	11.20%
Sep 25	C	Weak or Absent	Down	Down	Down	10.37%