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 11	B	Strong	Up	Up	Up	16.56%
Jan 10	B	Strong	Up	Up	Up	16.99%
Jan 9	B	Strong	Up	Up	Up	18.28%
Jan 8	B	Strong	Up	Up	Up	17.85%
Jan 5	B	Strong	Up	Up	Up	19.31%
Jan 4	B	Strong	Up	Up	Up	19.01%
Jan 3	B	Strong	Up	Up	Up	19.75%
Jan 2	C	Strong	Up	Up	Flat	20.79%
Dec 29	D	Strong	Up	Up	Flat	21.10%
Dec 28	C	Strong	Up	Up	Up	19.75%