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
Nov 8	B	Strong	Up	Up	Up	-0.10%
Nov 7	C	Strong	Up	Flat	Down	1.46%
Nov 6	C	Strong	Up	Down	Down	1.59%
Nov 5	C	Strong	Up	Flat	Down	1.14%
Nov 4	B	Strong	Up	Flat	Down	0.92%
Nov 1	B	Strong	Up	Flat	Down	0.67%
Oct 31	B	Strong	Up	Up	Down	0.51%
Oct 30	A	Strong	Up	Up	Flat	-0.29%
Oct 29	A	Strong	Up	Up	Flat	-0.89%
Oct 28	A	Strong	Up	Up	Flat	-0.84%