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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 20	D	Weak or Absent	Down	Up	Flat	24.50%
Jul 19	D	Weak or Absent	Down	Up	Up	24.13%
Jul 18	D	Weak or Absent	Down	Up	Flat	24.63%
Jul 17	F	Weak or Absent	Down	Flat	Flat	25.58%
Jul 14	D	Weak or Absent	Down	Up	Flat	24.63%
Jul 13	D	Weak or Absent	Down	Up	Up	23.38%
Jul 12	D	Weak or Absent	Down	Up	Up	23.14%
Jul 11	D	Weak or Absent	Down	Flat	Flat	25.01%
Jul 10	F	Weak or Absent	Down	Flat	Flat	25.77%
Jul 7	F	Weak or Absent	Down	Flat	Flat	25.77%