Trend Table for GCI - GRYPHON CAPITAL INCOME TRUST

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 16	A	Weak or Absent	Up	Up	Up	10.54%
Oct 13	A	Weak or Absent	Up	Up	Flat	11.08%
Oct 12	A	Weak or Absent	Up	Up	Up	10.54%
Oct 11	A	Strong	Up	Up	Down	12.21%
Oct 10	A	Strong	Up	Flat	Down	12.77%
Oct 9	A	Strong	Up	Flat	Down	13.05%
Oct 6	A	Strong	Up	Up	Flat	11.64%
Oct 5	A	Strong	Up	Up	Flat	11.64%
Oct 4	A	Strong	Up	Up	Flat	11.64%
Oct 3	A	Strong	Up	Up	Up	9.98%