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
May 6	D	Weak or Absent	Up	Down	Flat	4.30%
May 3	C	Weak or Absent	Up	Flat	Up	3.57%
May 2	C	Weak or Absent	Up	Down	Up	4.16%
May 1	D	Weak or Absent	Up	Down	Flat	5.34%
Apr 30	C	Weak or Absent	Up	Down	Flat	5.34%
Apr 29	C	Weak or Absent	Up	Down	Up	4.75%
Apr 26	C	Weak or Absent	Up	Down	Flat	5.50%
Apr 25	C	Weak or Absent	Up	Down	Flat	5.34%
Apr 24	C	Weak or Absent	Up	Down	Flat	4.90%
Apr 23	C	Weak or Absent	Up	Down	Up	4.60%