Trend Table for GCI - GRYPHON CAPITAL INCOME TRUST

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 24	A	Weak or Absent	Up	Up	Flat	17.06%
Jul 21	A	Weak or Absent	Up	Up	Up	16.76%
Jul 20	A	Weak or Absent	Up	Up	Up	16.76%
Jul 19	A	Weak or Absent	Up	Up	Flat	17.06%
Jul 18	A	Weak or Absent	Up	Up	Flat	17.36%
Jul 17	A	Weak or Absent	Up	Flat	Flat	18.26%
Jul 14	A	Strong	Up	Flat	Flat	18.26%
Jul 13	A	Strong	Up	Up	Up	17.06%
Jul 12	A	Strong	Up	Up	Flat	17.65%
Jul 11	A	Weak or Absent	Up	Up	Up	17.06%