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
Jan 26	B	Strong	Up	Up	Up	14.00%
Jan 25	B	Strong	Up	Up	Up	14.00%
Jan 24	B	Strong	Up	Up	Up	15.51%
Jan 23	B	Strong	Up	Up	Up	16.49%
Jan 22	B	Strong	Up	Up	Up	16.56%
Jan 19	C	Strong	Up	Up	Flat	17.85%
Jan 18	B	Strong	Up	Up	Flat	17.27%
Jan 17	B	Strong	Up	Up	Flat	17.56%
Jan 16	B	Strong	Up	Up	Up	17.41%
Jan 12	B	Strong	Up	Up	Up	16.14%