Trend Table for IFT - Infratil Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 18	C	Strong	Up	Down	Down	25.35%
Dec 15	C	Strong	Up	Flat	Flat	24.01%
Dec 14	B	Strong	Up	Up	Up	23.21%
Dec 13	B	Strong	Up	Up	Up	22.04%
Dec 12	C	Strong	Up	Flat	Flat	24.54%
Dec 11	C	Strong	Up	Down	Flat	24.95%
Dec 8	B	Strong	Up	Up	Up	21.91%
Dec 7	C	Strong	Up	Flat	Up	24.01%
Dec 6	B	Strong	Up	Up	Up	23.21%
Dec 5	C	Strong	Up	Down	Up	25.35%