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 8	A	Strong	Up	Flat	Down	6.63%
Mar 7	A	Strong	Up	Up	Flat	6.10%
Mar 6	A	Strong	Up	Up	Flat	6.10%
Mar 5	A	Strong	Up	Up	Flat	6.10%
Mar 4	A	Strong	Up	Up	Up	5.06%
Mar 1	A	Strong	Up	Up	Up	5.59%
Feb 29	A	Strong	Up	Up	Up	5.59%
Feb 28	A	Strong	Up	Up	Up	6.10%
Feb 27	A	Strong	Up	Flat	Flat	6.84%
Feb 26	A	Strong	Up	Up	Up	6.32%