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 13	A	Strong	Up	Up	Up	-0.85%
Sep 12	A	Strong	Up	Up	Up	-0.78%
Sep 11	A	Strong	Up	Up	Up	-0.09%
Sep 10	A	Strong	Up	Up	Up	0.22%
Sep 9	A	Strong	Up	Up	Up	0.53%
Sep 6	A	Strong	Up	Up	Flat	0.92%
Sep 5	A	Weak or Absent	Up	Up	Up	0.77%
Sep 4	A	Weak or Absent	Up	Up	Up	0.85%
Sep 3	A	Weak or Absent	Up	Up	Flat	1.24%
Aug 30	A	Weak or Absent	Up	Up	Flat	1.56%