Trend Table for PPH - Market Vectors Pharmaceutical ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 28	A	Weak or Absent	Up	Up	Down	26.45%
Dec 27	A	Weak or Absent	Up	Up	Flat	25.12%
Dec 23	A	Weak or Absent	Up	Up	Up	24.70%
Dec 22	A	Weak or Absent	Up	Up	Flat	25.44%
Dec 21	A	Strong	Up	Up	Flat	25.52%
Dec 20	A	Strong	Up	Up	Down	26.93%
Dec 19	A	Strong	Up	Up	Down	26.99%
Dec 16	A	Strong	Up	Up	Down	26.86%
Dec 15	A	Strong	Up	Up	Flat	24.96%
Dec 14	A	Strong	Up	Up	Up	23.15%