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
Sep 9	A	Strong	Up	Up	Up	-2.14%
Sep 6	A	Strong	Up	Up	Flat	-1.76%
Sep 5	A	Weak or Absent	Up	Up	Up	-1.91%
Sep 4	A	Weak or Absent	Up	Up	Up	-1.84%
Sep 3	A	Weak or Absent	Up	Up	Flat	-1.45%
Aug 30	A	Weak or Absent	Up	Up	Flat	-1.14%
Aug 29	A	Weak or Absent	Up	Up	Flat	-0.99%
Aug 28	A	Weak or Absent	Up	Up	Flat	-0.91%
Aug 27	B	Strong	Up	Up	Flat	-1.07%
Aug 26	B	Strong	Up	Up	Flat	-1.07%