Trend Table for GCI - GRYPHON CAPITAL INCOME TRUST

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 19	A	Strong	Up	Up	Flat	12.13%
Sep 18	A	Strong	Up	Up	Flat	12.13%
Sep 15	A	Strong	Up	Up	Flat	12.13%
Sep 14	A	Strong	Up	Up	Flat	12.13%
Sep 13	A	Strong	Up	Up	Flat	12.40%
Sep 12	A	Strong	Up	Up	Flat	12.69%
Sep 11	A	Strong	Up	Up	Flat	12.13%
Sep 8	A	Strong	Up	Up	Flat	12.40%
Sep 7	A	Strong	Up	Up	Flat	12.40%
Sep 6	A	Strong	Up	Up	Up	11.56%