Trend Table for PFO - Flaherty & Crumrine Preferred Income Opportunity Fund Incorporated

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 18	A	Strong	Up	Up	Up	7.40%
Jul 17	A	Strong	Up	Up	Up	7.65%
Jul 16	B	Weak or Absent	Up	Up	Up	7.90%
Jul 15	B	Weak or Absent	Up	Up	Flat	8.66%
Jul 12	A	Weak or Absent	Up	Up	Up	8.27%
Jul 11	A	Weak or Absent	Up	Up	Up	8.53%
Jul 10	A	Weak or Absent	Up	Up	Flat	9.17%
Jul 9	B	Weak or Absent	Up	Up	Flat	9.94%
Jul 8	A	Weak or Absent	Up	Up	Up	9.29%
Jul 5	A	Weak or Absent	Up	Up	Up	9.04%