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 11	A	Strong	Up	Up	Flat	14.85%
Jan 10	A	Strong	Up	Up	Flat	14.54%
Jan 9	A	Strong	Up	Up	Flat	14.68%
Jan 8	A	Strong	Up	Up	Flat	14.98%
Jan 5	B	Strong	Up	Up	Down	16.07%
Jan 4	B	Strong	Up	Up	Down	16.35%
Jan 3	A	Strong	Up	Up	Down	16.00%
Jan 2	A	Strong	Up	Up	Flat	15.15%
Dec 29	A	Strong	Up	Up	Flat	14.11%
Dec 28	A	Strong	Up	Up	Up	14.11%