Trend Table for PTF - Pender Growth Fund (VCC) Inc.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 12	B	Weak or Absent	Up	Up	Down	4.91%
Sep 9	B	Weak or Absent	Up	Up	Flat	4.62%
Sep 4	B	Weak or Absent	Up	Up	Up	2.40%
Sep 3	B	Weak or Absent	Up	Up	Up	2.40%
Aug 29	B	Weak or Absent	Up	Up	Flat	3.74%
Aug 28	B	Weak or Absent	Up	Up	Flat	3.74%
Aug 26	C	Strong	Up	Up	Down	7.87%
Aug 23	C	Strong	Up	Up	Flat	4.72%
Aug 21	B	Strong	Up	Up	Flat	4.72%
Aug 20	C	Strong	Up	Up	Flat	4.72%