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 12	C	Strong	Up	Up	Flat	-0.33%
Sep 11	C	Strong	Up	Flat	Down	0.32%
Sep 10	B	Strong	Up	Flat	Flat	-0.05%
Sep 9	B	Strong	Up	Flat	Flat	-0.33%
Sep 6	A	Weak or Absent	Up	Up	Up	-1.14%
Sep 5	B	Weak or Absent	Up	Up	Up	-0.83%
Sep 4	B	Weak or Absent	Up	Up	Flat	-0.46%
Sep 3	C	Weak or Absent	Up	Flat	Flat	0.23%
Aug 30	B	Weak or Absent	Up	Up	Up	-0.87%
Aug 29	B	Weak or Absent	Up	Flat	Flat	-0.19%