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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 31	D	Strong	Down	Down	Down	9.96%
May 30	D	Strong	Down	Down	Down	8.93%
May 26	D	Strong	Flat	Down	Down	7.78%
May 25	D	Strong	Down	Down	Down	9.23%
May 24	C	Strong	Up	Down	Flat	6.23%
May 23	C	Strong	Up	Down	Down	6.09%
May 22	C	Strong	Up	Down	Down	6.78%
May 19	D	Strong	Down	Down	Down	8.35%
May 18	C	Strong	Flat	Down	Down	7.35%
May 17	C	Strong	Up	Down	Down	6.78%