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
Mar 22	A	Strong	Up	Up	Up	5.54%
Mar 21	A	Strong	Up	Up	Up	5.53%
Mar 20	A	Strong	Up	Up	Up	5.91%
Mar 19	A	Strong	Up	Up	Flat	6.41%
Mar 18	A	Strong	Up	Up	Flat	6.61%
Mar 15	A	Strong	Up	Up	Flat	7.13%
Mar 14	A	Strong	Up	Up	Flat	6.39%
Mar 13	A	Strong	Up	Up	Flat	6.51%
Mar 12	A	Strong	Up	Up	Up	6.18%
Mar 11	A	Strong	Up	Up	Up	6.77%