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 23	B	Strong	Up	Flat	Flat	7.59%
Feb 22	A	Strong	Up	Up	Up	6.01%
Feb 21	A	Strong	Up	Flat	Flat	7.06%
Feb 20	A	Strong	Up	Flat	Flat	7.06%
Feb 19	A	Weak or Absent	Up	Flat	Flat	7.59%
Feb 16	A	Weak or Absent	Up	Flat	Flat	7.59%
Feb 15	A	Weak or Absent	Up	Up	Up	7.06%
Feb 14	A	Weak or Absent	Up	Flat	Flat	7.59%
Feb 13	C	Weak or Absent	Up	Flat	Flat	8.13%
Feb 12	C	Weak or Absent	Up	Flat	Flat	8.13%