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 12	B	Strong	Up	Up	Up	17.65%
Dec 11	B	Strong	Up	Up	Up	18.04%
Dec 8	B	Strong	Up	Up	Up	18.32%
Dec 7	B	Weak or Absent	Up	Up	Flat	18.79%
Dec 6	C	Weak or Absent	Up	Up	Flat	19.33%
Dec 5	B	Weak or Absent	Up	Up	Flat	19.18%
Dec 4	B	Weak or Absent	Up	Up	Flat	19.15%
Nov 30	B	Weak or Absent	Up	Up	Flat	19.10%
Nov 29	B	Weak or Absent	Up	Up	Flat	19.29%
Nov 28	B	Weak or Absent	Up	Up	Flat	19.50%