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 5	C	Weak or Absent	Down	Up	Up	16.65%
May 4	C	Weak or Absent	Down	Flat	Flat	17.55%
May 3	C	Weak or Absent	Down	Flat	Flat	17.76%
May 2	C	Weak or Absent	Down	Flat	Flat	18.06%
May 1	D	Weak or Absent	Down	Down	Flat	18.68%
Apr 28	C	Weak or Absent	Down	Flat	Up	17.25%
Apr 27	C	Weak or Absent	Down	Flat	Flat	17.46%
Apr 26	D	Weak or Absent	Down	Flat	Flat	17.55%
Apr 25	C	Weak or Absent	Down	Down	Down	17.93%
Apr 24	C	Weak or Absent	Down	Down	Down	18.33%