Trend Table for NZF - Nuveen Dividend Advantage Municipal Fund 3

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 5	A	Weak or Absent	Up	Up	Up	10.02%
Feb 2	A	Weak or Absent	Up	Up	Up	9.28%
Feb 1	A	Weak or Absent	Up	Up	Up	8.65%
Jan 31	A	Weak or Absent	Up	Up	Up	9.65%
Jan 30	B	Strong	Up	Up	Up	10.86%
Jan 29	B	Strong	Up	Up	Up	11.14%
Jan 26	C	Strong	Up	Flat	Flat	12.49%
Jan 25	C	Strong	Up	Up	Flat	11.91%
Jan 24	C	Strong	Up	Flat	Down	12.39%
Jan 23	C	Strong	Up	Flat	Down	12.78%