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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 14	B	Weak or Absent	Up	Up	Flat	4.95%
Jul 13	B	Weak or Absent	Up	Up	Up	2.24%
Jul 12	C	Weak or Absent	Up	Up	Up	2.91%
Jul 11	C	Weak or Absent	Up	Up	Up	4.39%
Jul 10	C	Weak or Absent	Up	Flat	Up	4.95%
Jul 7	D	Weak or Absent	Up	Down	Up	6.21%
Jul 6	C	Weak or Absent	Up	Down	Up	6.50%
Jul 5	D	Weak or Absent	Up	Down	Up	6.35%
Jul 3	D	Weak or Absent	Flat	Down	Up	6.78%
Jun 30	D	Weak or Absent	Flat	Down	Up	7.22%