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
May 31	F	Weak or Absent	Down	Down	Up	31.55%
May 30	F	Weak or Absent	Down	Down	Up	32.22%
May 26	F	Weak or Absent	Down	Down	Flat	33.45%
May 25	F	Weak or Absent	Down	Down	Down	34.56%
May 24	F	Weak or Absent	Down	Down	Down	34.56%
May 23	F	Weak or Absent	Down	Down	Down	33.59%
May 22	F	Weak or Absent	Down	Down	Down	32.22%
May 19	F	Weak or Absent	Down	Down	Flat	31.65%
May 18	F	Weak or Absent	Down	Down	Down	31.78%
May 17	F	Weak or Absent	Down	Down	Down	31.65%