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
Jun 4	A	Weak or Absent	Up	Up	Up	10.71%
Jun 3	A	Weak or Absent	Up	Up	Up	10.71%
May 31	A	Weak or Absent	Up	Up	Up	11.37%
May 30	A	Weak or Absent	Up	Up	Flat	12.85%
May 29	B	Weak or Absent	Up	Flat	Down	13.88%
May 28	A	Weak or Absent	Up	Up	Flat	12.85%
May 24	A	Weak or Absent	Up	Up	Flat	12.37%
May 23	A	Weak or Absent	Up	Up	Down	13.47%
May 22	A	Strong	Up	Up	Flat	12.31%
May 21	A	Strong	Up	Up	Up	11.88%