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 5	A	Strong	Up	Up	Up	10.25%
Jan 4	A	Strong	Up	Up	Up	9.69%
Jan 3	A	Strong	Up	Up	Up	9.24%
Jan 2	A	Strong	Up	Up	Up	10.43%
Dec 29	C	Strong	Up	Up	Flat	11.27%
Dec 28	C	Strong	Up	Up	Down	11.74%
Dec 27	B	Strong	Up	Up	Flat	11.08%
Dec 26	B	Strong	Up	Up	Flat	11.37%
Dec 22	B	Strong	Up	Up	Flat	11.37%
Dec 21	B	Strong	Up	Up	Flat	11.65%