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
Jan 3	B	Weak or Absent	Down	Up	Up	14.07%
Dec 30	B	Weak or Absent	Down	Up	Up	15.96%
Dec 29	B	Weak or Absent	Down	Up	Up	16.63%
Dec 28	B	Weak or Absent	Down	Up	Flat	17.22%
Dec 27	B	Weak or Absent	Down	Up	Flat	17.81%
Dec 23	B	Strong	Down	Up	Flat	16.63%
Dec 22	B	Strong	Down	Up	Down	18.71%
Dec 21	C	Strong	Down	Up	Down	18.71%
Dec 20	B	Strong	Down	Up	Down	18.31%
Dec 19	B	Strong	Down	Up	Down	17.81%