Trend Table for MHNC - Maiden Holdings North America, Ltd. 7.75% Notes due 2043

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 27	A	Weak or Absent	Flat	Up	Up	17.46%
Dec 23	B	Weak or Absent	Down	Up	Flat	19.63%
Dec 22	B	Weak or Absent	Down	Up	Flat	20.29%
Dec 21	B	Weak or Absent	Down	Up	Flat	19.37%
Dec 20	B	Weak or Absent	Down	Up	Flat	19.63%
Dec 19	B	Weak or Absent	Down	Up	Down	21.15%
Dec 16	B	Weak or Absent	Down	Up	Flat	19.07%
Dec 15	C	Weak or Absent	Down	Up	Down	20.22%
Dec 14	C	Strong	Down	Up	Down	21.01%
Dec 13	C	Strong	Down	Up	Down	19.24%