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
Aug 15	D	Weak or Absent	Down	Down	Down	18.07%
Aug 14	D	Weak or Absent	Down	Down	Down	17.76%
Aug 11	D	Weak or Absent	Down	Down	Down	17.79%
Aug 10	D	Weak or Absent	Down	Down	Down	17.79%
Aug 9	D	Weak or Absent	Flat	Flat	Down	17.28%
Aug 8	D	Weak or Absent	Flat	Flat	Down	17.38%
Aug 7	D	Weak or Absent	Flat	Flat	Down	17.48%
Aug 4	C	Weak or Absent	Flat	Flat	Down	16.97%
Aug 3	D	Weak or Absent	Flat	Flat	Down	17.28%
Aug 2	C	Weak or Absent	Up	Up	Flat	15.38%