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
Jun 5	D	Weak or Absent	Down	Down	Up	18.96%
Jun 2	D	Weak or Absent	Down	Down	Up	19.91%
Jun 1	D	Weak or Absent	Down	Flat	Up	18.34%
May 31	C	Weak or Absent	Down	Down	Up	19.48%
May 30	D	Weak or Absent	Down	Down	Flat	20.43%
May 26	D	Weak or Absent	Down	Down	Down	21.61%
May 25	D	Weak or Absent	Down	Down	Down	22.05%
May 24	D	Weak or Absent	Down	Down	Down	23.60%
May 23	D	Weak or Absent	Down	Down	Down	21.40%
May 22	D	Weak or Absent	Down	Down	Down	20.75%