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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 6	A	Weak or Absent	Up	Up	Up	-2.26%
Sep 5	B	Weak or Absent	Up	Up	Up	-1.95%
Sep 4	B	Weak or Absent	Up	Up	Flat	-1.59%
Sep 3	C	Weak or Absent	Up	Flat	Flat	-0.91%
Aug 30	B	Weak or Absent	Up	Up	Up	-1.99%
Aug 29	B	Weak or Absent	Up	Flat	Flat	-1.32%
Aug 28	C	Weak or Absent	Up	Flat	Flat	-0.91%
Aug 27	C	Weak or Absent	Up	Flat	Flat	-1.04%
Aug 26	C	Weak or Absent	Up	Up	Up	-1.72%
Aug 23	C	Weak or Absent	Up	Flat	Flat	-0.91%