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
Jan 22	C	Strong	Up	Up	Down	12.31%
Jan 19	C	Strong	Up	Up	Down	12.60%
Jan 18	B	Strong	Up	Flat	Down	13.77%
Jan 17	B	Strong	Up	Up	Down	12.99%
Jan 16	B	Strong	Up	Up	Down	11.64%
Jan 12	B	Strong	Up	Up	Flat	10.32%
Jan 11	B	Strong	Up	Up	Flat	10.51%
Jan 10	B	Strong	Up	Up	Flat	10.80%
Jan 9	A	Strong	Up	Up	Flat	9.97%
Jan 8	A	Strong	Up	Up	Up	9.15%