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 27	B	Strong	Up	Up	Up	0.60%
Sep 26	B	Strong	Up	Up	Up	1.14%
Sep 25	B	Strong	Up	Up	Up	1.08%
Sep 24	C	Strong	Up	Up	Up	1.21%
Sep 23	C	Strong	Up	Up	Up	1.51%
Sep 20	C	Strong	Up	Up	Up	1.70%
Sep 19	C	Strong	Up	Flat	Up	2.04%
Sep 18	C	Strong	Up	Flat	Up	2.09%
Sep 17	C	Strong	Up	Flat	Up	1.79%
Sep 16	D	Strong	Up	Flat	Up	2.58%