Trend Table for IFT - Infratil Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 25	A	Weak or Absent	Up	Up	Up	21.70%
Sep 22	A	Strong	Up	Up	Flat	22.92%
Sep 21	A	Strong	Up	Flat	Down	25.04%
Sep 20	A	Strong	Up	Up	Down	24.10%
Sep 19	A	Strong	Up	Up	Flat	22.66%
Sep 18	A	Strong	Up	Up	Down	23.44%
Sep 15	B	Strong	Up	Flat	Down	25.31%
Sep 14	A	Strong	Up	Up	Flat	22.79%
Sep 13	A	Strong	Up	Up	Flat	23.31%
Sep 12	A	Strong	Up	Up	Up	22.02%