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
Dec 27	C	Strong	Up	Up	Up	19.75%
Dec 26	C	Strong	Up	Up	Up	20.50%
Dec 22	C	Strong	Up	Up	Up	20.20%
Dec 21	C	Strong	Up	Up	Up	20.20%
Dec 20	C	Strong	Up	Up	Up	20.95%
Dec 19	C	Strong	Up	Up	Up	21.33%
Dec 18	C	Strong	Up	Up	Up	21.79%
Dec 15	C	Strong	Up	Up	Up	20.73%
Dec 14	C	Strong	Up	Up	Up	21.33%
Dec 13	C	Strong	Up	Up	Flat	23.65%