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
Jan 25	A	Strong	Up	Up	Up	11.77%
Jan 24	A	Strong	Up	Up	Up	12.48%
Jan 23	A	Strong	Up	Up	Up	12.84%
Jan 22	A	Strong	Up	Up	Up	12.42%
Jan 19	A	Strong	Up	Up	Up	12.35%
Jan 18	A	Strong	Up	Up	Up	13.56%
Jan 17	A	Strong	Up	Up	Flat	14.63%
Jan 16	A	Strong	Up	Up	Up	13.73%
Jan 12	A	Strong	Up	Up	Up	14.29%
Jan 11	A	Strong	Up	Up	Flat	14.83%