Trend Table for GCI - GRYPHON CAPITAL INCOME TRUST

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 27	A	Weak or Absent	Up	Up	Flat	9.74%
Nov 24	A	Weak or Absent	Up	Flat	Flat	10.27%
Nov 23	A	Weak or Absent	Up	Up	Flat	9.74%
Nov 22	A	Weak or Absent	Up	Up	Up	8.66%
Nov 21	A	Weak or Absent	Up	Up	Up	9.19%
Nov 20	A	Weak or Absent	Up	Up	Flat	10.27%
Nov 17	A	Weak or Absent	Up	Up	Flat	9.74%
Nov 16	A	Weak or Absent	Up	Up	Flat	9.74%
Nov 15	A	Weak or Absent	Up	Up	Flat	9.74%
Nov 14	A	Weak or Absent	Up	Up	Flat	10.27%