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
Oct 11	C	Strong	Up	Up	Flat	-0.54%
Oct 10	B	Strong	Up	Up	Down	-0.08%
Oct 9	C	Strong	Up	Flat	Down	0.07%
Oct 8	B	Strong	Up	Up	Down	-0.08%
Oct 7	B	Strong	Up	Up	Down	-0.08%
Oct 4	B	Strong	Up	Up	Flat	-1.00%
Oct 3	A	Strong	Up	Up	Flat	-1.31%
Oct 2	A	Strong	Up	Up	Flat	-1.31%
Oct 1	A	Strong	Up	Up	Up	-1.76%
Sep 30	A	Strong	Up	Up	Up	-1.76%