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 12	C	Strong	Up	Up	Down	24.76%
Dec 11	C	Strong	Up	Up	Flat	24.29%
Dec 8	C	Strong	Up	Up	Up	23.34%
Dec 7	C	Strong	Up	Up	Up	23.50%
Dec 6	B	Weak or Absent	Up	Up	Up	22.71%
Dec 5	C	Weak or Absent	Up	Up	Up	23.18%
Dec 4	C	Weak or Absent	Up	Up	Up	23.18%
Nov 30	C	Weak or Absent	Up	Up	Up	25.58%
Nov 29	B	Weak or Absent	Up	Up	Up	26.07%
Nov 28	B	Weak or Absent	Up	Up	Flat	26.89%