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 8	A	Weak or Absent	Up	Up	Flat	10.72%
Nov 7	A	Weak or Absent	Up	Up	Down	11.31%
Nov 4	A	Weak or Absent	Up	Up	Down	11.91%
Nov 3	A	Strong	Up	Up	Down	12.21%
Nov 2	A	Strong	Up	Up	Up	11.46%
Nov 1	A	Strong	Up	Up	Up	9.85%
Oct 31	A	Strong	Up	Up	Up	6.62%
Oct 28	A	Weak or Absent	Up	Up	Up	9.56%
Oct 27	A	Weak or Absent	Up	Up	Up	9.85%
Oct 26	A	Weak or Absent	Up	Up	Up	9.99%