Trend Table for GCI - GRYPHON CAPITAL INCOME TRUST

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 3	A	Strong	Up	Flat	Down	0.00%
May 2	A	Strong	Up	Up	Flat	-0.98%
May 1	A	Strong	Up	Up	Up	-0.98%
Apr 30	A	Strong	Up	Up	Flat	-0.49%
Apr 29	A	Strong	Up	Up	Flat	-0.49%
Apr 26	A	Strong	Up	Up	Flat	-0.27%
Apr 24	A	Strong	Up	Up	Flat	-0.27%
Apr 23	A	Strong	Up	Up	Flat	-0.75%
Apr 22	A	Strong	Up	Up	Flat	-0.75%
Apr 19	A	Strong	Up	Up	Flat	-0.27%