Trend Table for PMM - Putnam Managed Municipal Income Trust

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 13	A	Weak or Absent	Up	Up	Up	-4.45%
Sep 12	A	Weak or Absent	Up	Up	Up	-4.30%
Sep 11	A	Weak or Absent	Up	Up	Up	-3.11%
Sep 10	A	Weak or Absent	Up	Up	Up	-2.35%
Sep 9	B	Weak or Absent	Up	Up	Flat	-1.74%
Sep 6	B	Weak or Absent	Up	Up	Flat	-1.74%
Sep 5	B	Weak or Absent	Up	Up	Down	-1.74%
Sep 4	B	Weak or Absent	Up	Up	Down	-1.58%
Sep 3	B	Weak or Absent	Up	Up	Flat	-1.97%
Aug 30	C	Weak or Absent	Up	Up	Down	-1.58%