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
May 20	A	Strong	Up	Up	Up	11.85%
May 17	A	Strong	Up	Up	Up	11.95%
May 16	A	Strong	Up	Up	Up	12.08%
May 15	A	Weak or Absent	Up	Up	Up	12.15%
May 14	B	Weak or Absent	Up	Up	Flat	13.64%
May 13	A	Weak or Absent	Up	Up	Flat	13.43%
May 10	A	Weak or Absent	Up	Up	Up	13.50%
May 9	A	Weak or Absent	Up	Up	Up	13.23%
May 8	A	Weak or Absent	Up	Up	Up	13.37%
May 7	A	Weak or Absent	Up	Up	Up	12.82%