Trend Table for HXDM.U - Horizons Intl Dev Mkts Eqty Idx USD ETF

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 1	A	Strong	Up	Up	Up	14.00%
Jan 25	A	Strong	Up	Up	Up	15.82%
Jan 18	A	Weak or Absent	Up	Up	Up	16.17%
Jan 16	A	Weak or Absent	Up	Up	Up	16.45%
Jan 11	A	Weak or Absent	Up	Up	Up	19.05%
Jan 10	A	Weak or Absent	Up	Up	Up	20.06%
Dec 29	B	Weak or Absent	Flat	Up	Flat	23.76%
Dec 23	B	Weak or Absent	Down	Up	Down	24.94%
Dec 20	B	Weak or Absent	Down	Up	Flat	24.94%
Dec 19	B	Weak or Absent	Down	Up	Down	25.95%