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
Jul 17	B	Weak or Absent	Up	Up	Up	4.80%
Jul 16	B	Weak or Absent	Up	Up	Up	5.36%
Jul 12	C	Weak or Absent	Up	Down	Down	7.66%
Jul 11	C	Weak or Absent	Up	Down	Down	7.86%
Jul 10	B	Weak or Absent	Up	Down	Down	7.47%
Jul 8	B	Weak or Absent	Up	Down	Down	6.88%
Jul 4	B	Weak or Absent	Up	Flat	Down	6.50%
Jul 3	B	Weak or Absent	Up	Down	Down	6.88%
Jul 2	B	Weak or Absent	Up	Down	Down	6.69%
Jun 26	A	Weak or Absent	Up	Up	Up	5.28%