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
Oct 27	D	Strong	Down	Down	Flat	39.86%
Oct 26	F	Strong	Down	Down	Flat	40.06%
Oct 25	F	Strong	Down	Down	Flat	39.76%
Oct 24	D	Strong	Down	Down	Up	38.46%
Oct 23	F	Strong	Down	Down	Down	40.26%
Oct 20	F	Strong	Down	Down	Down	40.56%
Oct 19	F	Strong	Down	Down	Down	41.17%
Oct 18	F	Strong	Down	Down	Down	40.76%
Oct 17	F	Strong	Down	Down	Down	40.36%
Oct 16	F	Strong	Down	Down	Down	39.37%