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
Apr 22	B	Weak or Absent	Up	Down	Flat	5.04%
Apr 19	C	Weak or Absent	Up	Down	Down	5.95%
Apr 18	C	Weak or Absent	Flat	Down	Down	6.65%
Apr 17	C	Weak or Absent	Up	Down	Down	5.95%
Apr 16	C	Weak or Absent	Up	Down	Down	5.65%
Apr 15	D	Weak or Absent	Up	Down	Down	6.10%
Apr 12	C	Weak or Absent	Up	Down	Down	5.50%
Apr 11	C	Weak or Absent	Up	Flat	Down	3.72%
Apr 10	C	Weak or Absent	Up	Flat	Down	3.57%
Apr 9	C	Weak or Absent	Up	Up	Down	2.71%