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 31	A	Strong	Up	Up	Up	9.42%
Oct 30	A	Strong	Up	Up	Flat	10.51%
Oct 27	A	Strong	Up	Up	Flat	10.77%
Oct 26	A	Strong	Up	Up	Flat	10.77%
Oct 25	A	Strong	Up	Up	Flat	10.22%
Oct 24	A	Strong	Up	Up	Up	9.14%
Oct 23	A	Weak or Absent	Up	Up	Flat	10.22%
Oct 20	A	Weak or Absent	Up	Up	Up	9.14%
Oct 19	A	Weak or Absent	Up	Up	Flat	10.77%
Oct 18	A	Weak or Absent	Up	Up	Flat	10.77%