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 8	D	Weak or Absent	Down	Down	Up	21.17%
Mar 7	D	Weak or Absent	Flat	Down	Up	20.47%
Mar 6	D	Weak or Absent	Down	Down	Up	21.17%
Mar 5	D	Weak or Absent	Down	Down	Up	22.22%
Mar 4	C	Weak or Absent	Down	Down	Up	22.58%
Mar 1	D	Weak or Absent	Down	Down	Flat	24.02%
Feb 29	C	Weak or Absent	Down	Down	Up	22.94%
Feb 28	D	Weak or Absent	Down	Down	Down	25.50%
Feb 27	D	Weak or Absent	Down	Down	Down	27.77%
Feb 26	D	Weak or Absent	Down	Down	Down	27.38%