Trend Table for PHDG - PowerShares S&P 500 Downside Hedged Portfolio

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 8	B	Strong	Up	Up	Flat	6.49%
Apr 5	A	Strong	Up	Up	Flat	6.00%
Apr 4	B	Strong	Up	Up	Down	7.14%
Apr 3	A	Strong	Up	Up	Flat	5.91%
Apr 2	A	Strong	Up	Up	Flat	6.20%
Apr 1	A	Strong	Up	Up	Flat	5.48%
Mar 28	A	Strong	Up	Up	Up	5.25%
Mar 27	B	Strong	Up	Up	Flat	5.67%
Mar 26	B	Strong	Up	Up	Flat	6.30%
Mar 25	A	Strong	Up	Up	Flat	6.00%