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 10	A	Weak or Absent	Up	Up	Up	17.97%
Jul 7	A	Weak or Absent	Up	Up	Flat	18.26%
Jul 6	A	Weak or Absent	Up	Up	Up	17.06%
Jul 5	A	Weak or Absent	Up	Up	Up	17.65%
Jul 4	A	Weak or Absent	Up	Up	Up	18.26%
Jul 3	A	Weak or Absent	Up	Up	Up	18.26%
Jun 30	B	Strong	Up	Flat	Up	18.88%
Jun 29	C	Strong	Flat	Down	Flat	20.13%
Jun 28	B	Strong	Flat	Flat	Flat	19.48%
Jun 27	C	Strong	Flat	Down	Flat	20.42%