Trend Table for ADEF - Apostle Dundas Global Equity Fund

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 13	B	Weak or Absent	Up	Up	Up	5.84%
May 9	C	Weak or Absent	Up	Flat	Up	6.60%
May 7	C	Weak or Absent	Up	Down	Flat	8.16%
May 3	C	Weak or Absent	Up	Down	Down	8.55%
Apr 30	C	Weak or Absent	Up	Down	Flat	7.96%
Apr 29	C	Weak or Absent	Up	Down	Flat	7.76%
Apr 26	C	Weak or Absent	Up	Down	Down	7.96%
Apr 24	B	Strong	Up	Down	Down	8.95%
Apr 19	B	Strong	Up	Down	Down	8.95%
Apr 18	B	Strong	Up	Down	Down	8.16%