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
Jan 5	B	Weak or Absent	Up	Up	Down	17.37%
Jan 2	A	Weak or Absent	Up	Up	Up	16.22%
Dec 27	A	Weak or Absent	Up	Up	Up	13.98%
Dec 18	A	Weak or Absent	Up	Up	Up	16.22%
Dec 15	A	Weak or Absent	Up	Up	Up	15.99%
Dec 13	A	Weak or Absent	Up	Up	Up	15.76%
Dec 12	A	Weak or Absent	Up	Up	Up	16.90%
Dec 11	A	Weak or Absent	Up	Up	Up	18.07%
Dec 8	A	Weak or Absent	Up	Up	Flat	18.54%
Dec 7	A	Weak or Absent	Up	Up	Up	18.31%