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 17	A	Weak or Absent	Up	Up	Flat	10.77%
Oct 16	A	Weak or Absent	Up	Up	Up	10.22%
Oct 13	A	Weak or Absent	Up	Up	Flat	10.77%
Oct 12	A	Weak or Absent	Up	Up	Up	10.22%
Oct 11	A	Strong	Up	Up	Down	11.89%
Oct 10	A	Strong	Up	Flat	Down	12.45%
Oct 9	A	Strong	Up	Flat	Down	12.73%
Oct 6	A	Strong	Up	Up	Flat	11.32%
Oct 5	A	Strong	Up	Up	Flat	11.32%
Oct 4	A	Strong	Up	Up	Flat	11.32%