Trend Table for GCI - GRYPHON CAPITAL INCOME TRUST

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 8	A	Strong	Up	Up	Flat	4.11%
May 7	A	Strong	Up	Up	Flat	4.11%
May 6	A	Strong	Up	Flat	Flat	5.13%
May 3	A	Strong	Up	Flat	Down	5.13%
May 2	A	Strong	Up	Up	Flat	4.11%
May 1	A	Strong	Up	Up	Up	4.11%
Apr 30	A	Strong	Up	Up	Flat	4.62%
Apr 29	A	Strong	Up	Up	Flat	4.62%
Apr 26	A	Strong	Up	Up	Flat	4.86%
Apr 24	A	Strong	Up	Up	Flat	4.86%