Trend Table for ISLM - Hejaz Equities Fund

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 18	C	Weak or Absent	N/A	Up	Up	14.81%
Dec 15	C	Weak or Absent	N/A	Up	Up	13.61%
Dec 8	D	Weak or Absent	N/A	Down	Down	17.93%
Dec 6	D	Weak or Absent	N/A	Down	Down	17.93%
Dec 4	C	Weak or Absent	N/A	Down	Down	19.23%
Dec 1	C	Weak or Absent	N/A	Down	Down	17.93%
Nov 27	C	Weak or Absent	N/A	Down	Down	17.93%
Nov 24	A	Weak or Absent	N/A	Flat	Flat	16.04%
Nov 23	B	Weak or Absent	N/A	Flat	Flat	16.04%
Nov 21	B	Weak or Absent	N/A	Up	Up	15.43%