Trend Table for VLN - Velan Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 2	F	Strong	Down	Down	Flat	69.76%
Nov 1	D	Strong	Down	Down	Flat	70.35%
Oct 31	C	Strong	Down	Down	Up	66.55%
Oct 30	C	Strong	Down	Down	Up	66.84%
Oct 27	D	Strong	Down	Down	Down	71.86%
Oct 26	D	Strong	Down	Down	Flat	69.46%
Oct 25	D	Strong	Down	Down	Down	71.55%
Oct 24	D	Strong	Down	Down	Down	70.05%
Oct 23	D	Strong	Down	Down	Down	71.86%
Oct 20	C	Strong	Down	Down	Up	67.99%