Trend Table for VR8 - Vanadium Resources Limited

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 14	F	Weak or Absent	Down	Down	Down	-38.10%
Dec 13	D	Weak or Absent	Down	Down	Down	-42.22%
Dec 12	D	Weak or Absent	Down	Down	Down	-42.22%
Dec 11	D	Weak or Absent	Down	Down	Up	-43.48%
Dec 8	D	Weak or Absent	Down	Down	Up	-43.48%
Dec 7	D	Weak or Absent	Down	Down	Up	-43.48%
Dec 6	D	Weak or Absent	Down	Down	Up	-43.48%
Dec 5	D	Weak or Absent	Down	Down	Up	-42.22%
Dec 4	D	Strong	Down	Down	Up	-43.48%
Nov 30	D	Strong	Down	Down	Up	-43.48%