Trend Table for ARF - Arena REIT No 1

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 22	A	Weak or Absent	Up	Up	Up	8.68%
Mar 21	A	Weak or Absent	Up	Up	Up	11.55%
Mar 20	A	Weak or Absent	Up	Up	Up	13.66%
Mar 19	A	Weak or Absent	Up	Up	Up	13.96%
Mar 18	B	Weak or Absent	Up	Up	Up	16.16%
Mar 15	B	Weak or Absent	Up	Up	Up	17.45%
Mar 14	D	Weak or Absent	Flat	Flat	Up	20.13%
Mar 13	D	Weak or Absent	Down	Down	Up	21.17%
Mar 12	D	Weak or Absent	Down	Down	Up	21.17%
Mar 11	D	Weak or Absent	Down	Down	Up	21.17%