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
Jul 25	A	Strong	Up	Up	Flat	11.25%
Jul 24	A	Strong	Up	Up	Flat	11.25%
Jul 23	A	Strong	Up	Up	Flat	11.10%
Jul 22	A	Strong	Up	Up	Flat	11.10%
Jul 19	A	Strong	Up	Up	Up	11.16%
Jul 18	A	Strong	Up	Up	Up	10.71%
Jul 17	A	Strong	Up	Up	Up	10.97%
Jul 16	B	Weak or Absent	Up	Up	Up	11.23%
Jul 15	B	Weak or Absent	Up	Up	Flat	12.01%
Jul 12	A	Weak or Absent	Up	Up	Up	11.62%