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
Aug 15	A	Weak or Absent	Up	Up	Up	5.69%
Aug 14	A	Weak or Absent	Up	Up	Up	6.79%
Aug 13	A	Weak or Absent	Up	Up	Up	7.67%
Aug 12	A	Weak or Absent	Up	Up	Flat	8.24%
Aug 9	A	Weak or Absent	Up	Up	Flat	7.98%
Aug 8	A	Strong	Up	Up	Flat	8.30%
Aug 7	A	Strong	Up	Up	Down	8.94%
Aug 6	B	Strong	Up	Flat	Down	9.85%
Aug 5	B	Strong	Up	Down	Down	10.50%
Aug 2	A	Strong	Up	Up	Flat	7.67%