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 8	A	Strong	Up	Up	Up	10.71%
Feb 7	A	Strong	Up	Up	Up	10.71%
Feb 6	A	Strong	Up	Up	Flat	11.75%
Feb 5	A	Strong	Up	Up	Flat	11.75%
Feb 2	A	Strong	Up	Up	Up	11.03%
Feb 1	A	Strong	Up	Up	Up	11.72%
Jan 31	A	Strong	Up	Up	Down	13.56%
Jan 30	A	Strong	Up	Up	Up	11.69%
Jan 29	A	Strong	Up	Up	Up	11.59%
Jan 26	A	Strong	Up	Up	Up	12.59%