Trend Table for ARF - Arena REIT No 1

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 11	A	Weak or Absent	Up	Up	Flat	15.84%
Jan 10	B	Weak or Absent	Up	Up	Down	17.12%
Jan 9	B	Weak or Absent	Up	Up	Down	17.12%
Jan 8	B	Weak or Absent	Up	Up	Down	18.44%
Jan 5	B	Weak or Absent	Up	Up	Down	17.78%
Jan 4	B	Strong	Up	Up	Down	17.45%
Jan 3	B	Strong	Up	Up	Down	16.16%
Jan 2	A	Strong	Up	Up	Flat	14.27%
Dec 29	A	Strong	Up	Up	Up	13.66%
Dec 28	A	Strong	Up	Up	Up	12.74%