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
Sep 15	D	Strong	Down	Down	Down	23.14%
Sep 14	C	Strong	Down	Down	Flat	21.60%
Sep 13	D	Strong	Down	Down	Down	22.38%
Sep 12	D	Strong	Down	Down	Down	22.26%
Sep 11	D	Strong	Down	Down	Flat	21.94%
Sep 8	D	Strong	Down	Down	Down	22.19%
Sep 7	D	Strong	Down	Down	Down	22.49%
Sep 6	D	Strong	Down	Down	Down	22.04%
Sep 5	D	Strong	Down	Down	Flat	21.43%
Sep 1	D	Strong	Flat	Down	Flat	20.69%