Trend Table for BCV - Bancroft Fund, Ltd.

Current Trend Strength: Very Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	C	Weak or Absent	Up	Up	Up	20.94%
May 17	C	Weak or Absent	Up	Up	Up	20.86%
May 16	C	Weak or Absent	Up	Up	Up	21.29%
May 15	C	Weak or Absent	Up	Up	Up	20.78%
May 14	B	Weak or Absent	Up	Flat	Flat	22.56%
May 13	D	Weak or Absent	Up	Flat	Flat	23.31%
May 10	D	Weak or Absent	Up	Flat	Flat	23.31%
May 9	C	Weak or Absent	Up	Up	Up	22.03%
May 8	C	Weak or Absent	Up	Up	Up	21.97%
May 7	C	Weak or Absent	Up	Up	Up	21.48%