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
Jan 6	A	Weak or Absent	Up	Up	Up	7.44%
Jan 5	A	Weak or Absent	Up	Up	Up	8.70%
Jan 4	B	Weak or Absent	Up	Up	Up	8.85%
Jan 3	B	Weak or Absent	Up	Up	Up	8.85%
Dec 30	B	Weak or Absent	Up	Up	Up	7.72%
Dec 29	B	Weak or Absent	Up	Up	Up	7.17%
Dec 28	B	Weak or Absent	Up	Down	Flat	11.31%
Dec 27	B	Weak or Absent	Up	Up	Up	9.85%
Dec 23	B	Weak or Absent	Up	Flat	Flat	11.31%
Dec 22	B	Weak or Absent	Up	Down	Down	12.21%