Trend Table for ARF - Arena REIT No 1

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 4	A	Weak or Absent	Up	Up	Flat	5.20%
Jul 3	A	Weak or Absent	Up	Up	Up	3.87%
Jul 2	A	Weak or Absent	Up	Up	Up	4.93%
Jul 1	A	Weak or Absent	Up	Up	Up	4.93%
Jun 28	A	Weak or Absent	Up	Up	Flat	6.56%
Jun 27	A	Weak or Absent	Up	Up	Up	5.20%
Jun 26	A	Weak or Absent	Up	Up	Up	5.57%
Jun 25	A	Weak or Absent	Up	Up	Up	3.99%
Jun 24	A	Weak or Absent	Up	Up	Up	3.99%
Jun 21	A	Weak or Absent	Up	Up	Up	5.03%