Trend Table for GCI - GRYPHON CAPITAL INCOME TRUST

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 25	A	Weak or Absent	Up	Up	Flat	7.12%
Jan 24	A	Weak or Absent	Up	Flat	Down	7.63%
Jan 23	A	Weak or Absent	Up	Up	Flat	7.12%
Jan 22	A	Weak or Absent	Up	Up	Flat	7.12%
Jan 19	A	Weak or Absent	Up	Up	Up	6.06%
Jan 18	A	Weak or Absent	Up	Up	Flat	7.12%
Jan 17	A	Weak or Absent	Up	Up	Down	7.12%
Jan 16	A	Strong	Up	Up	Flat	6.58%
Jan 15	A	Strong	Up	Up	Down	7.12%
Jan 12	A	Strong	Up	Up	Down	7.12%