Trend Table for PCF - Putnam High Income Securities Fund

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 18	A	Strong	Up	Up	Up	12.48%
Dec 15	A	Strong	Up	Up	Up	12.66%
Dec 14	B	Strong	Up	Up	Up	12.66%
Dec 13	A	Strong	Up	Up	Up	13.34%
Dec 12	C	Strong	Up	Up	Down	16.89%
Dec 11	C	Strong	Up	Up	Flat	16.52%
Dec 8	A	Strong	Up	Up	Up	14.03%
Dec 7	A	Strong	Up	Up	Up	13.68%
Dec 6	A	Strong	Up	Up	Up	14.56%
Dec 5	A	Strong	Up	Up	Up	14.21%