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 16	C	Strong	Up	Down	Down	6.51%
May 15	C	Strong	Up	Down	Down	5.40%
May 12	B	Strong	Up	Down	Down	4.32%
May 11	C	Weak or Absent	Up	Down	Down	2.73%
May 10	C	Strong	Up	Flat	Down	1.33%
May 9	B	Strong	Up	Flat	Down	0.82%
May 8	B	Strong	Up	Up	Flat	-2.09%
May 5	B	Strong	Up	Up	Down	-1.26%
May 4	B	Strong	Up	Up	Down	0.45%
May 3	B	Strong	Up	Up	Down	-1.26%