Trend Table for GCI - GRYPHON CAPITAL INCOME TRUST

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 22	A	Strong	Up	Up	Up	4.55%
Mar 21	A	Strong	Up	Up	Up	5.06%
Mar 20	A	Strong	Up	Up	Up	4.55%
Mar 19	A	Strong	Up	Up	Up	4.55%
Mar 18	A	Strong	Up	Up	Up	5.06%
Mar 15	A	Strong	Up	Up	Flat	6.10%
Mar 14	A	Strong	Up	Up	Flat	6.10%
Mar 13	A	Strong	Up	Flat	Down	6.63%
Mar 12	A	Strong	Up	Up	Flat	6.10%
Mar 11	A	Strong	Up	Flat	Down	6.63%