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 13	F	Strong	Down	Down	Down	38.77%
Oct 12	F	Strong	Down	Down	Down	37.22%
Oct 11	F	Strong	Down	Down	Flat	35.14%
Oct 10	F	Strong	Down	Down	Flat	35.33%
Oct 9	F	Strong	Down	Down	Down	36.27%
Oct 6	F	Strong	Down	Down	Down	37.22%
Oct 5	F	Strong	Down	Down	Down	36.27%
Oct 4	F	Weak or Absent	Down	Down	Down	35.33%
Oct 3	F	Weak or Absent	Down	Down	Down	36.65%
Oct 2	F	Weak or Absent	Down	Down	Down	33.67%