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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 24	D	Weak or Absent	Flat	Down	Down	1.01%
Oct 23	D	Weak or Absent	Flat	Down	Down	0.86%
Oct 22	D	Weak or Absent	Up	Down	Flat	-0.71%
Oct 21	D	Weak or Absent	Up	Down	Flat	-0.57%
Oct 18	D	Weak or Absent	Up	Flat	Flat	-0.99%
Oct 17	D	Weak or Absent	Up	Flat	Flat	-0.99%
Oct 16	D	Weak or Absent	Up	Flat	Up	-1.41%
Oct 15	D	Weak or Absent	Up	Flat	Flat	-0.99%
Oct 14	D	Weak or Absent	Up	Flat	Flat	-0.85%
Oct 11	D	Weak or Absent	Up	Flat	Flat	-0.85%