Trend Table for NIC - NICKEL MINES LIMITED

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 31	C	Strong	Up	Up	Up	19.99%
Jan 30	C	Strong	Down	Up	Up	31.56%
Jan 29	D	Weak or Absent	Down	Down	Up	58.97%
Jan 25	D	Strong	Down	Down	Flat	58.97%
Jan 24	D	Strong	Down	Down	Down	63.05%
Jan 23	F	Strong	Down	Down	Down	70.31%
Jan 22	F	Weak or Absent	Down	Down	Down	67.35%
Jan 19	F	Weak or Absent	Down	Down	Down	63.05%
Jan 18	F	Weak or Absent	Down	Down	Down	63.05%
Jan 17	F	Weak or Absent	Down	Down	Down	56.39%