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
Oct 25	A	Strong	Up	Up	Flat	-0.98%
Oct 24	A	Strong	Up	Up	Flat	-0.90%
Oct 23	B	Strong	Up	Up	Down	0.66%
Oct 22	A	Strong	Up	Up	Flat	-1.06%
Oct 21	B	Strong	Up	Up	Flat	-0.44%
Oct 18	B	Strong	Up	Up	Flat	-0.75%
Oct 17	B	Strong	Up	Up	Flat	-0.75%
Oct 16	B	Strong	Up	Up	Up	-1.05%
Oct 15	A	Strong	Up	Up	Up	-0.83%
Oct 14	B	Strong	Up	Up	Up	-0.80%