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
Feb 23	A	Strong	Up	Up	Up	8.72%
Feb 22	A	Strong	Up	Up	Up	8.39%
Feb 21	A	Strong	Up	Up	Flat	10.53%
Feb 20	A	Strong	Up	Up	Flat	10.50%
Feb 16	A	Strong	Up	Up	Flat	10.03%
Feb 15	A	Strong	Up	Up	Up	9.91%
Feb 14	A	Strong	Up	Up	Up	10.03%
Feb 13	A	Strong	Up	Up	Up	10.40%
Feb 12	A	Strong	Up	Up	Up	10.15%
Feb 9	A	Strong	Up	Up	Up	10.31%