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 5	A	Weak or Absent	Up	Up	Up	9.44%
Jun 4	B	Weak or Absent	Up	Flat	Flat	10.90%
Jun 3	A	Weak or Absent	Up	Up	Up	9.44%
May 31	B	Weak or Absent	Up	Flat	Down	11.49%
May 30	B	Weak or Absent	Up	Down	Down	12.09%
May 29	B	Weak or Absent	Up	Flat	Down	11.49%
May 28	B	Weak or Absent	Up	Up	Down	10.02%
May 27	A	Weak or Absent	Up	Up	Up	8.31%
May 24	B	Weak or Absent	Up	Up	Down	10.61%
May 23	B	Weak or Absent	Up	Up	Down	10.31%