Trend Table for ARF - Arena REIT No 1

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 20	A	Weak or Absent	Up	Up	Up	7.47%
Jun 19	A	Weak or Absent	Up	Up	Up	8.87%
Jun 18	A	Weak or Absent	Up	Up	Up	9.44%
Jun 17	A	Weak or Absent	Up	Flat	Flat	11.49%
Jun 14	B	Weak or Absent	Up	Flat	Down	12.09%
Jun 13	B	Weak or Absent	Up	Down	Down	13.31%
Jun 12	B	Weak or Absent	Up	Down	Down	13.62%
Jun 11	B	Weak or Absent	Up	Down	Down	14.24%
Jun 7	A	Weak or Absent	Up	Up	Flat	10.02%
Jun 6	A	Weak or Absent	Up	Up	Up	8.31%