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 8	A	Weak or Absent	Up	Up	Up	6.89%
Nov 7	A	Weak or Absent	Up	Up	Up	8.38%
Nov 6	A	Weak or Absent	Up	Up	Up	6.67%
Nov 3	A	Weak or Absent	Up	Up	Up	5.98%
Nov 2	A	Weak or Absent	Up	Up	Up	6.67%
Nov 1	A	Weak or Absent	Up	Up	Up	8.14%
Oct 31	A	Weak or Absent	Up	Up	Up	8.86%
Oct 30	B	Weak or Absent	Up	Down	Down	12.00%
Oct 27	B	Weak or Absent	Up	Down	Down	11.58%
Oct 26	A	Weak or Absent	Up	Down	Down	12.54%