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 13	A	Weak or Absent	Up	Up	Flat	10.00%
Nov 10	A	Weak or Absent	Up	Up	Flat	10.27%
Nov 9	A	Weak or Absent	Up	Up	Flat	9.74%
Nov 8	A	Weak or Absent	Up	Up	Flat	10.27%
Nov 7	A	Weak or Absent	Up	Up	Flat	9.74%
Nov 6	A	Weak or Absent	Up	Up	Flat	9.74%
Nov 3	A	Strong	Up	Up	Flat	9.74%
Nov 2	A	Strong	Up	Up	Up	9.19%
Nov 1	A	Strong	Up	Up	Flat	10.27%
Oct 31	A	Strong	Up	Up	Up	9.74%