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
Aug 1	A	Strong	Up	Up	Up	20.71%
Jul 31	A	Strong	Up	Up	Up	20.22%
Jul 28	A	Strong	Up	Up	Up	20.96%
Jul 27	A	Strong	Up	Up	Flat	22.21%
Jul 26	A	Strong	Up	Up	Flat	21.70%
Jul 25	A	Strong	Up	Up	Flat	22.46%
Jul 24	A	Strong	Up	Up	Up	21.21%
Jul 21	A	Strong	Up	Up	Flat	22.21%
Jul 20	A	Weak or Absent	Up	Up	Up	21.96%
Jul 19	A	Weak or Absent	Up	Up	Up	20.71%