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

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 22	F	Weak or Absent	Down	Down	Down	27.16%
May 19	F	Weak or Absent	Down	Down	Flat	26.61%
May 18	F	Weak or Absent	Down	Down	Down	26.74%
May 17	F	Weak or Absent	Down	Down	Down	26.61%
May 16	F	Weak or Absent	Down	Down	Down	28.83%
May 15	F	Weak or Absent	Down	Down	Down	26.61%
May 12	F	Weak or Absent	Down	Down	Down	27.65%
May 11	F	Weak or Absent	Down	Down	Down	25.21%
May 10	F	Weak or Absent	Down	Down	Down	24.59%
May 9	F	Weak or Absent	Down	Down	Down	24.71%