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
May 16	F	Strong	Down	Down	Down	39.83%
May 15	F	Strong	Down	Down	Down	39.07%
May 12	F	Strong	Down	Down	Down	40.40%
May 11	F	Strong	Down	Down	Down	40.59%
May 10	F	Weak or Absent	Down	Down	Down	38.72%
May 9	F	Weak or Absent	Down	Down	Down	37.58%
May 8	F	Weak or Absent	Down	Down	Down	36.67%
May 5	F	Weak or Absent	Down	Down	Down	35.94%
May 4	F	Weak or Absent	Down	Down	Down	37.76%
May 3	F	Weak or Absent	Down	Down	Down	31.94%