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
Aug 29	D	Strong	Up	Flat	Flat	2.18%
Aug 28	B	Strong	Up	Flat	Flat	2.08%
Aug 27	C	Strong	Up	Flat	Flat	2.03%
Aug 26	C	Strong	Up	Flat	Flat	2.05%
Aug 23	C	Strong	Up	Up	Up	1.58%
Aug 22	C	Strong	Up	Up	Up	1.50%
Aug 21	B	Strong	Up	Flat	Flat	1.90%
Aug 20	B	Strong	Up	Flat	Flat	1.98%
Aug 19	D	Strong	Up	Flat	Down	2.61%
Aug 16	C	Strong	Up	Flat	Down	2.71%