Trend Table for IFT - Infratil Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 1	A	Strong	Up	Up	Up	25.85%
May 31	A	Strong	Up	Up	Up	27.09%
May 30	A	Strong	Up	Up	Up	26.26%
May 29	A	Weak or Absent	Up	Up	Up	26.26%
May 26	A	Weak or Absent	Up	Up	Up	26.56%
May 25	A	Weak or Absent	Up	Up	Up	27.04%
May 24	A	Weak or Absent	Up	Up	Flat	31.44%
May 23	A	Weak or Absent	Up	Up	Up	28.71%
May 22	A	Weak or Absent	Up	Up	Flat	31.44%
May 19	A	Weak or Absent	Up	Up	Up	29.56%