Trend Table for GCI - GRYPHON CAPITAL INCOME TRUST

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 22	A	Weak or Absent	Up	Up	Up	13.80%
Aug 21	A	Weak or Absent	Up	Up	Up	14.10%
Aug 18	A	Weak or Absent	Up	Up	Flat	14.38%
Aug 17	A	Weak or Absent	Up	Up	Flat	14.98%
Aug 16	A	Weak or Absent	Up	Up	Flat	14.38%
Aug 15	A	Weak or Absent	Up	Up	Flat	14.98%
Aug 14	A	Strong	Up	Up	Down	16.14%
Aug 11	A	Strong	Up	Up	Flat	14.67%
Aug 10	A	Strong	Up	Up	Down	15.86%
Aug 9	A	Strong	Up	Up	Flat	14.38%