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 5	A	Strong	Up	Up	Flat	3.35%
Jul 4	A	Strong	Up	Up	Flat	3.35%
Jul 3	A	Strong	Up	Up	Flat	3.35%
Jul 2	A	Strong	Up	Up	Flat	3.35%
Jul 1	A	Strong	Up	Up	Flat	3.35%
Jun 28	A	Strong	Up	Up	Flat	3.35%
Jun 27	A	Strong	Up	Up	Up	3.35%
Jun 26	A	Strong	Up	Flat	Flat	4.07%
Jun 25	A	Strong	Up	Flat	Flat	4.07%
Jun 24	A	Strong	Up	Up	Flat	4.07%