Trend Table for GCI - GRYPHON CAPITAL INCOME TRUST

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 14	C	Weak or Absent	Flat	Down	Down	20.08%
Jun 13	C	Weak or Absent	Flat	Down	Down	20.08%
Jun 9	B	Weak or Absent	Flat	Down	Down	19.46%
Jun 8	B	Weak or Absent	Up	Flat	Flat	18.82%
Jun 7	B	Weak or Absent	Flat	Flat	Flat	19.14%
Jun 6	B	Weak or Absent	Up	Flat	Flat	18.82%
Jun 5	A	Weak or Absent	Up	Flat	Flat	18.22%
Jun 2	B	Weak or Absent	Up	Flat	Flat	18.82%
Jun 1	A	Weak or Absent	Up	Up	Flat	18.22%
May 31	A	Weak or Absent	Up	Up	Up	17.62%