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 16	F	Weak or Absent	Down	Down	Down	33.95%
May 15	F	Weak or Absent	Down	Down	Down	31.65%
May 12	F	Weak or Absent	Down	Down	Down	32.72%
May 11	F	Weak or Absent	Down	Down	Down	30.19%
May 10	F	Weak or Absent	Down	Down	Down	29.55%
May 9	F	Weak or Absent	Down	Down	Down	29.67%
May 8	F	Weak or Absent	Down	Down	Flat	29.03%
May 5	F	Weak or Absent	Down	Down	Flat	28.77%
May 4	F	Weak or Absent	Down	Down	Down	30.85%
May 3	F	Strong	Down	Down	Down	29.29%