Trend Table for GCI - GRYPHON CAPITAL INCOME TRUST

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 28	A	Strong	Up	Up	Flat	6.81%
Dec 27	A	Strong	Up	Up	Flat	7.06%
Dec 22	A	Strong	Up	Up	Up	7.06%
Dec 21	A	Strong	Up	Up	Up	6.54%
Dec 20	A	Strong	Up	Up	Up	7.60%
Dec 19	A	Strong	Up	Up	Up	6.04%
Dec 18	A	Strong	Up	Up	Up	7.60%
Dec 15	A	Strong	Up	Up	Up	8.12%
Dec 14	A	Strong	Up	Up	Up	8.12%
Dec 13	A	Strong	Up	Up	Up	8.12%