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 1	C	Strong	Up	Flat	Down	4.05%
Jul 31	D	Strong	Up	Flat	Down	3.82%
Jul 30	C	Strong	Up	Flat	Down	4.08%
Jul 29	C	Strong	Up	Flat	Down	4.13%
Jul 26	D	Strong	Up	Flat	Down	3.91%
Jul 25	C	Strong	Up	Flat	Down	4.10%
Jul 24	B	Strong	Up	Flat	Down	3.53%
Jul 23	C	Strong	Up	Up	Down	1.66%
Jul 22	B	Strong	Up	Up	Flat	1.47%
Jul 19	C	Strong	Up	Up	Down	2.34%