Trend Table for PFM - PowerShares Dividend Achievers

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 15	A	Strong	Up	Up	Up	18.92%
Dec 14	A	Strong	Up	Up	Up	18.56%
Dec 13	A	Strong	Up	Up	Up	18.83%
Dec 12	A	Strong	Up	Up	Up	20.56%
Dec 11	A	Strong	Up	Up	Up	20.69%
Dec 8	A	Strong	Up	Up	Flat	21.68%
Dec 7	A	Strong	Up	Up	Flat	21.90%
Dec 6	A	Strong	Up	Up	Flat	22.25%
Dec 5	A	Strong	Up	Up	Up	21.96%
Dec 4	A	Strong	Up	Up	Up	21.44%