Trend Table for IFT - Infratil Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 28	A	Weak or Absent	Up	Up	Up	15.91%
May 27	B	Weak or Absent	Up	Up	Up	16.14%
May 24	B	Weak or Absent	Up	Up	Up	16.26%
May 23	B	Weak or Absent	Up	Up	Up	15.68%
May 22	C	Weak or Absent	Up	Flat	Up	18.26%
May 21	C	Weak or Absent	Up	Down	Flat	19.84%
May 20	A	Weak or Absent	Up	Up	Up	12.89%
May 17	B	Weak or Absent	Up	Flat	Up	17.55%
May 16	C	Weak or Absent	Up	Down	Up	18.74%
May 15	C	Weak or Absent	Flat	Down	Down	22.35%