Trend Table for PHDG - PowerShares S&P 500 Downside Hedged Portfolio

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 24	C	Strong	Up	Up	Up	0.39%
Sep 23	C	Strong	Up	Up	Up	0.69%
Sep 20	C	Strong	Up	Up	Up	0.88%
Sep 19	C	Strong	Up	Flat	Up	1.21%
Sep 18	C	Strong	Up	Flat	Up	1.26%
Sep 17	C	Strong	Up	Flat	Up	0.97%
Sep 16	D	Strong	Up	Flat	Up	1.75%
Sep 13	D	Strong	Up	Down	Flat	1.99%
Sep 12	D	Strong	Up	Down	Flat	2.20%
Sep 11	D	Strong	Up	Down	Flat	2.32%