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
Dec 27	B	Strong	Up	Up	Up	14.04%
Dec 26	B	Strong	Up	Up	Up	14.04%
Dec 22	B	Strong	Up	Up	Up	14.74%
Dec 21	B	Strong	Up	Up	Up	14.85%
Dec 20	A	Strong	Up	Up	Up	15.42%
Dec 19	A	Strong	Up	Up	Up	14.47%
Dec 18	A	Strong	Up	Up	Up	15.12%
Dec 15	A	Strong	Up	Up	Up	15.71%
Dec 14	A	Strong	Up	Up	Up	15.74%
Dec 13	A	Strong	Up	Up	Up	15.74%