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
Nov 8	B	Strong	Down	Up	Up	21.36%
Nov 7	C	Strong	Down	Up	Up	22.48%
Nov 6	C	Strong	Down	Up	Up	23.28%
Nov 3	C	Strong	Down	Up	Up	23.28%
Nov 2	C	Strong	Down	Flat	Up	26.20%
Nov 1	C	Strong	Down	Down	Up	28.52%
Oct 31	D	Strong	Down	Down	Up	31.58%
Oct 30	D	Strong	Down	Down	Flat	32.49%
Oct 27	D	Strong	Down	Down	Flat	32.76%
Oct 26	F	Strong	Down	Down	Down	33.42%