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 8	F	Weak or Absent	Down	Down	Flat	24.09%
May 5	F	Weak or Absent	Down	Down	Flat	23.85%
May 4	F	Weak or Absent	Down	Down	Down	25.84%
May 3	F	Strong	Down	Down	Down	24.34%
May 2	F	Strong	Down	Down	Down	23.11%
May 1	F	Strong	Down	Down	Down	22.99%
Apr 28	F	Strong	Down	Down	Down	22.39%
Apr 27	F	Strong	Down	Down	Down	22.75%
Apr 26	F	Strong	Down	Down	Down	23.11%
Apr 25	F	Strong	Down	Down	Down	23.24%