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
Feb 14	D	Weak or Absent	Down	Up	Down	13.79%
Feb 13	C	Weak or Absent	Flat	Up	Flat	12.87%
Feb 10	C	Weak or Absent	Flat	Up	Flat	12.78%
Feb 9	D	Weak or Absent	Down	Up	Down	13.70%
Feb 8	C	Strong	Flat	Up	Flat	12.78%
Feb 7	C	Strong	Up	Up	Flat	12.14%
Feb 6	D	Strong	Down	Up	Down	13.42%
Feb 3	B	Strong	Up	Up	Flat	11.42%
Feb 2	C	Strong	Up	Up	Up	10.89%
Feb 1	C	Strong	Up	Up	Flat	11.69%