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
May 19	D	Weak or Absent	Down	Down	Down	19.69%
May 18	D	Weak or Absent	Down	Down	Down	18.45%
May 17	C	Weak or Absent	Down	Flat	Flat	17.63%
May 16	B	Weak or Absent	Down	Flat	Flat	17.22%
May 15	C	Weak or Absent	Down	Flat	Flat	17.53%
May 12	C	Weak or Absent	Down	Flat	Flat	17.43%
May 11	C	Weak or Absent	Down	Flat	Flat	16.95%
May 10	C	Weak or Absent	Down	Flat	Flat	17.05%
May 9	C	Weak or Absent	Down	Flat	Flat	16.95%
May 8	C	Weak or Absent	Down	Flat	Flat	17.46%