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
Sep 26	C	Strong	Up	Flat	Down	-1.54%
Sep 25	B	Strong	Up	Up	Flat	-3.17%
Sep 24	B	Strong	Up	Up	Up	-3.17%
Sep 23	B	Strong	Up	Up	Up	-3.03%
Sep 20	B	Strong	Up	Up	Up	-3.17%
Sep 19	B	Strong	Up	Up	Up	-4.70%
Sep 18	B	Strong	Up	Up	Up	-3.70%
Sep 17	B	Strong	Up	Up	Up	-2.90%
Sep 16	B	Strong	Up	Up	Up	-2.77%
Sep 13	B	Strong	Up	Up	Flat	-1.44%