Trend Table for GCI - GRYPHON CAPITAL INCOME TRUST

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 19	A	Strong	Up	Up	Up	2.34%
Jul 18	A	Strong	Up	Up	Flat	3.35%
Jul 17	A	Strong	Up	Up	Flat	2.84%
Jul 16	A	Strong	Up	Up	Flat	2.84%
Jul 15	A	Strong	Up	Up	Flat	2.84%
Jul 12	A	Strong	Up	Up	Flat	2.84%
Jul 11	A	Strong	Up	Up	Flat	3.35%
Jul 10	A	Strong	Up	Flat	Flat	3.86%
Jul 9	A	Strong	Up	Up	Flat	3.35%
Jul 8	A	Strong	Up	Up	Up	2.84%