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 10	D	Weak or Absent	Up	Flat	Flat	-0.85%
Oct 9	D	Weak or Absent	Up	Flat	Flat	-0.85%
Oct 8	D	Weak or Absent	Up	Down	Down	-0.43%
Oct 7	D	Strong	Up	Down	Down	0.00%
Oct 4	D	Strong	Up	Down	Down	0.14%
Oct 3	D	Strong	Up	Down	Down	0.29%
Oct 2	D	Strong	Up	Down	Down	-0.57%
Oct 1	D	Strong	Up	Down	Down	-0.57%
Sep 30	C	Strong	Up	Flat	Down	-1.54%
Sep 27	C	Strong	Up	Up	Down	-2.23%