Trend Table for IFT - Infratil Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 14	D	Weak or Absent	Flat	Down	Down	22.13%
May 13	C	Weak or Absent	Up	Down	Down	20.23%
May 10	C	Weak or Absent	Up	Down	Down	19.24%
May 9	C	Weak or Absent	Up	Down	Down	18.38%
May 8	B	Weak or Absent	Up	Down	Down	18.99%
May 7	B	Weak or Absent	Up	Down	Down	18.99%
May 6	B	Weak or Absent	Up	Down	Down	19.61%
May 3	A	Weak or Absent	Up	Up	Flat	16.36%
May 2	A	Weak or Absent	Up	Up	Flat	15.55%
May 1	A	Weak or Absent	Up	Up	Flat	16.13%