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
Sep 1	D	Weak or Absent	Down	Down	Flat	28.76%
Aug 31	D	Weak or Absent	Down	Down	Up	27.59%
Aug 30	D	Weak or Absent	Down	Down	Flat	29.09%
Aug 29	D	Weak or Absent	Down	Down	Up	28.59%
Aug 28	D	Weak or Absent	Down	Down	Up	28.25%
Aug 25	D	Weak or Absent	Down	Down	Flat	28.59%
Aug 24	D	Weak or Absent	Down	Down	Down	29.60%
Aug 23	D	Weak or Absent	Down	Down	Down	29.09%
Aug 22	D	Weak or Absent	Down	Down	Down	30.37%
Aug 21	D	Weak or Absent	Down	Down	Down	30.20%