Trend Table for SHOO - Steven Madden, Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 28	C	Strong	Down	Down	Up	40.78%
Sep 27	C	Strong	Down	Down	Down	43.47%
Sep 26	C	Strong	Down	Down	Down	43.52%
Sep 25	D	Strong	Down	Down	Down	42.37%
Sep 22	D	Weak or Absent	Down	Down	Down	43.43%
Sep 21	D	Weak or Absent	Down	Down	Down	43.29%
Sep 20	D	Weak or Absent	Down	Down	Down	41.00%
Sep 19	D	Weak or Absent	Down	Down	Down	39.01%
Sep 18	D	Weak or Absent	Down	Down	Down	40.87%
Sep 15	D	Weak or Absent	Down	Down	Down	39.19%