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 8	A	Strong	Up	Up	Up	14.10%
Aug 7	A	Strong	Up	Up	Flat	15.25%
Aug 4	A	Strong	Up	Up	Flat	14.98%
Aug 3	A	Strong	Up	Up	Up	14.67%
Aug 2	A	Strong	Up	Up	Flat	15.55%
Aug 1	A	Strong	Up	Up	Up	14.98%
Jul 31	A	Strong	Up	Up	Up	15.25%
Jul 28	A	Strong	Up	Up	Up	14.38%
Jul 27	A	Strong	Up	Up	Up	14.65%
Jul 26	A	Weak or Absent	Up	Up	Up	15.84%