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 19	A	Strong	Up	Up	Up	23.48%
May 17	A	Strong	Up	Up	Flat	25.57%
May 16	A	Strong	Up	Up	Up	25.31%
May 15	A	Strong	Up	Up	Up	25.04%
May 12	A	Strong	Up	Up	Flat	25.57%
May 11	B	Strong	Up	Up	Down	26.92%
May 10	B	Strong	Up	Up	Down	27.74%
May 9	B	Strong	Up	Up	Down	26.38%
May 8	B	Strong	Up	Up	Down	26.11%
May 5	B	Strong	Up	Up	Down	26.65%