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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 22	D	Weak or Absent	Up	Down	Down	-0.08%
Aug 21	B	Weak or Absent	Up	Up	Up	-1.99%
Aug 20	C	Weak or Absent	Up	Up	Up	-1.86%
Aug 19	C	Weak or Absent	Up	Flat	Up	-1.18%
Aug 16	C	Weak or Absent	Up	Up	Up	-1.32%
Aug 15	C	Weak or Absent	Up	Flat	Up	-0.84%
Aug 14	C	Weak or Absent	Up	Flat	Flat	-0.36%
Aug 13	C	Weak or Absent	Up	Flat	Flat	-0.63%
Aug 12	C	Weak or Absent	Up	Flat	Flat	-0.08%
Aug 9	B	Weak or Absent	Up	Flat	Flat	-0.50%