Trend Table for GCI - GRYPHON CAPITAL INCOME TRUST

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 23	A	Strong	Up	Up	Flat	4.34%
Apr 22	A	Strong	Up	Up	Flat	4.34%
Apr 19	A	Strong	Up	Up	Flat	4.86%
Apr 18	A	Strong	Up	Up	Flat	4.86%
Apr 17	A	Strong	Up	Up	Flat	4.86%
Apr 16	A	Strong	Up	Up	Down	5.37%
Apr 15	A	Strong	Up	Up	Flat	4.86%
Apr 12	A	Strong	Up	Up	Flat	4.34%
Apr 11	A	Strong	Up	Up	Flat	4.34%
Apr 10	A	Strong	Up	Up	Flat	4.86%