Trend Table for MCN - Madison Covered Call & Equity Strategy Fund

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 1	D	Weak or Absent	Flat	Down	Flat	0.00%
Oct 31	D	Weak or Absent	Down	Down	Down	1.31%
Oct 30	F	Weak or Absent	Down	Down	Down	0.72%
Oct 29	D	Weak or Absent	Flat	Down	Down	0.14%
Oct 28	D	Weak or Absent	Up	Down	Down	-0.29%
Oct 25	D	Weak or Absent	Flat	Down	Down	0.00%
Oct 24	D	Weak or Absent	Flat	Down	Down	0.14%
Oct 23	D	Weak or Absent	Flat	Down	Down	0.00%
Oct 22	D	Weak or Absent	Up	Down	Flat	-1.56%
Oct 21	D	Weak or Absent	Up	Down	Flat	-1.42%