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
Nov 22	B	Strong	Up	Up	Flat	8.42%
Nov 21	A	Strong	Up	Up	Up	6.62%
Nov 18	A	Strong	Up	Up	Up	6.49%
Nov 17	A	Strong	Up	Up	Up	8.42%
Nov 16	A	Strong	Up	Up	Up	8.70%
Nov 15	A	Strong	Up	Up	Up	8.28%
Nov 14	A	Strong	Up	Up	Up	8.00%
Nov 11	A	Weak or Absent	Up	Up	Up	7.72%
Nov 10	A	Weak or Absent	Up	Up	Up	6.90%
Nov 9	A	Weak or Absent	Up	Up	Down	12.67%