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 9	A	Strong	Up	Up	Flat	5.07%
Apr 8	A	Strong	Up	Up	Flat	4.56%
Apr 5	A	Strong	Up	Up	Up	4.05%
Apr 4	A	Strong	Up	Up	Flat	4.56%
Apr 3	A	Strong	Up	Up	Flat	5.07%
Apr 2	A	Strong	Up	Up	Flat	5.07%
Mar 28	A	Strong	Up	Up	Flat	5.07%
Mar 27	B	Strong	Up	Up	Flat	5.59%
Mar 26	A	Strong	Up	Up	Up	4.77%
Mar 25	A	Strong	Up	Up	Up	4.77%