Trend Table for PFO - Flaherty & Crumrine Preferred Income Opportunity Fund Incorporated

Current Trend Strength: Very Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 18	C	Strong	Up	Up	Up	25.00%
Dec 15	C	Strong	Up	Up	Up	23.90%
Dec 14	C	Strong	Up	Up	Up	24.53%
Dec 13	C	Strong	Up	Up	Flat	26.91%
Dec 12	C	Strong	Up	Up	Down	28.05%
Dec 11	C	Strong	Up	Up	Flat	27.56%
Dec 8	C	Strong	Up	Up	Up	26.58%
Dec 7	C	Strong	Up	Up	Up	26.75%
Dec 6	B	Weak or Absent	Up	Up	Up	25.94%
Dec 5	C	Weak or Absent	Up	Up	Up	26.43%