Trend Table for PFD - Flaherty & Crumrine Preferred Income Fund Incorporated

Current Trend Strength: Very Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 18	C	Weak or Absent	Up	Up	Up	24.91%
Dec 15	C	Weak or Absent	Up	Up	Up	25.16%
Dec 14	C	Weak or Absent	Up	Up	Up	24.29%
Dec 13	C	Weak or Absent	Up	Up	Up	25.79%
Dec 12	C	Strong	Up	Up	Down	28.38%
Dec 11	C	Strong	Up	Up	Down	28.64%
Dec 8	C	Strong	Up	Up	Down	28.38%
Dec 7	C	Strong	Up	Up	Down	27.85%
Dec 6	C	Strong	Up	Up	Flat	27.07%
Dec 5	C	Strong	Up	Up	Flat	26.94%