Trend Table for GCI - GRYPHON CAPITAL INCOME TRUST

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 9	A	Weak or Absent	Up	Flat	Flat	7.37%
Feb 8	A	Weak or Absent	Up	Flat	Flat	7.37%
Feb 7	A	Weak or Absent	Up	Flat	Flat	7.37%
Feb 6	C	Weak or Absent	Up	Flat	Flat	7.91%
Feb 5	C	Weak or Absent	Up	Flat	Flat	7.91%
Feb 2	C	Weak or Absent	Up	Flat	Down	7.91%
Feb 1	B	Weak or Absent	Up	Flat	Down	7.91%
Jan 31	A	Weak or Absent	Up	Up	Flat	7.37%
Jan 30	A	Weak or Absent	Up	Up	Flat	7.37%
Jan 29	A	Weak or Absent	Up	Flat	Down	7.63%