Trend Table for PFM - PowerShares Dividend Achievers

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 22	A	Strong	Up	Up	Up	21.78%
Dec 21	A	Strong	Up	Up	Up	22.02%
Dec 20	A	Very Strong	Up	Up	Flat	23.14%
Dec 19	A	Very Strong	Up	Up	Up	21.23%
Dec 18	A	Strong	Up	Up	Up	21.87%
Dec 15	A	Strong	Up	Up	Up	22.41%
Dec 14	A	Strong	Up	Up	Up	22.04%
Dec 13	A	Strong	Up	Up	Up	22.32%
Dec 12	A	Strong	Up	Up	Up	24.10%
Dec 11	A	Strong	Up	Up	Up	24.23%