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 11	A	Strong	Up	Up	Flat	6.80%
Jan 10	A	Strong	Up	Up	Flat	6.28%
Jan 9	A	Strong	Up	Up	Flat	6.28%
Jan 8	A	Strong	Up	Up	Flat	6.80%
Jan 5	A	Strong	Up	Up	Up	6.28%
Jan 4	A	Strong	Up	Up	Up	6.28%
Jan 3	A	Strong	Up	Up	Up	6.28%
Jan 2	A	Strong	Up	Up	Flat	7.34%
Dec 29	A	Strong	Up	Up	Up	6.28%
Dec 28	A	Strong	Up	Up	Flat	7.34%