Trend Table for IFT - Infratil Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 31	B	Weak or Absent	Up	Up	Up	24.10%
Jul 28	B	Weak or Absent	Up	Flat	Up	27.23%
Jul 27	D	Weak or Absent	Up	Down	Down	28.78%
Jul 26	C	Weak or Absent	Up	Flat	Down	28.21%
Jul 25	C	Weak or Absent	Up	Flat	Down	28.35%
Jul 24	B	Weak or Absent	Up	Flat	Flat	27.65%
Jul 21	C	Weak or Absent	Up	Down	Down	29.21%
Jul 20	C	Weak or Absent	Up	Down	Down	29.07%
Jul 19	C	Weak or Absent	Up	Flat	Down	28.64%
Jul 18	B	Weak or Absent	Up	Flat	Down	28.64%