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 2	A	Strong	Up	Up	Up	9.98%
Sep 29	A	Strong	Up	Up	Flat	11.64%
Sep 28	A	Strong	Up	Up	Up	11.08%
Sep 27	A	Strong	Up	Up	Flat	12.45%
Sep 26	A	Strong	Up	Up	Flat	12.45%
Sep 25	A	Strong	Up	Up	Flat	11.88%
Sep 22	A	Strong	Up	Up	Up	10.77%
Sep 21	A	Strong	Up	Up	Up	10.77%
Sep 20	A	Strong	Up	Up	Up	11.33%
Sep 19	A	Strong	Up	Up	Flat	12.45%