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
Dec 16	C	Strong	Down	Up	Down	18.16%
Dec 15	C	Strong	Down	Up	Down	17.37%
Dec 14	C	Strong	Down	Up	Flat	16.21%
Dec 13	C	Strong	Down	Up	Flat	15.83%
Dec 12	C	Strong	Down	Up	Down	16.59%
Dec 9	C	Strong	Down	Up	Down	17.27%
Dec 8	C	Strong	Down	Up	Down	16.40%
Dec 7	B	Strong	Down	Up	Flat	15.64%
Dec 6	C	Strong	Down	Up	Flat	16.30%
Dec 5	C	Strong	Down	Up	Flat	16.21%