Trend Table for IFT - Infratil Ltd.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 23	B	Weak or Absent	Up	Up	Up	41.80%
Jan 20	B	Weak or Absent	Up	Flat	Up	43.73%
Jan 19	C	Weak or Absent	Up	Flat	Up	44.09%
Jan 18	C	Weak or Absent	Up	Down	Flat	45.17%
Jan 17	B	Weak or Absent	Up	Up	Up	43.20%
Jan 16	C	Weak or Absent	Up	Down	Down	45.72%
Jan 13	C	Weak or Absent	Up	Down	Flat	44.81%
Jan 12	C	Weak or Absent	Up	Down	Down	47.20%
Jan 11	C	Weak or Absent	Up	Down	Down	46.82%
Jan 10	C	Weak or Absent	Up	Down	Down	46.64%