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
Feb 21	C	Weak or Absent	Up	Flat	Down	7.03%
Feb 17	B	Weak or Absent	Up	Up	Down	5.68%
Feb 16	B	Weak or Absent	Up	Up	Down	5.68%
Feb 15	B	Weak or Absent	Up	Up	Down	5.15%
Feb 14	B	Weak or Absent	Up	Up	Down	5.81%
Feb 13	B	Weak or Absent	Up	Up	Down	4.88%
Feb 10	A	Weak or Absent	Up	Up	Down	5.01%
Feb 9	A	Weak or Absent	Up	Up	Flat	4.62%
Feb 8	A	Weak or Absent	Up	Up	Flat	4.36%
Feb 7	A	Weak or Absent	Up	Up	Up	3.84%