Trend Table for NZF - Nuveen Dividend Advantage Municipal Fund 3

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 1	D	Strong	Up	Down	Down	0.00%
Oct 31	C	Strong	Up	Down	Flat	-1.50%
Oct 30	D	Strong	Up	Down	Down	-0.56%
Oct 29	D	Strong	Up	Down	Down	0.00%
Oct 28	D	Strong	Up	Down	Down	-0.32%
Oct 25	D	Strong	Up	Down	Down	-0.48%
Oct 24	C	Strong	Up	Down	Down	-0.32%
Oct 23	C	Strong	Up	Down	Down	-0.87%
Oct 22	B	Strong	Up	Flat	Flat	-2.27%
Oct 21	C	Strong	Up	Flat	Flat	-2.27%