Trend Table for MHNC - Maiden Holdings North America, Ltd. 7.75% Notes due 2043

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 22	B	Strong	Up	Up	Up	6.55%
Nov 21	C	Strong	Up	Up	Down	8.60%
Nov 20	B	Strong	Up	Up	Flat	7.20%
Nov 17	B	Strong	Up	Up	Up	6.19%
Nov 16	B	Strong	Up	Up	Down	8.60%
Nov 15	A	Strong	Up	Up	Up	5.26%
Nov 14	B	Weak or Absent	Up	Up	Up	6.58%
Nov 13	B	Weak or Absent	Up	Up	Flat	8.14%
Nov 10	A	Weak or Absent	Up	Up	Down	9.28%
Nov 9	A	Weak or Absent	Up	Up	Down	9.28%