Trend Table for GCI - GRYPHON CAPITAL INCOME TRUST

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 14	B	Weak or Absent	Flat	Flat	Flat	19.60%
Apr 13	C	Weak or Absent	Down	Down	Down	20.53%
Apr 12	C	Weak or Absent	Down	Down	Down	21.15%
Apr 11	C	Weak or Absent	Down	Down	Down	20.53%
Apr 6	B	Strong	Up	Flat	Flat	19.28%
Apr 5	B	Strong	Flat	Flat	Flat	19.60%
Apr 4	B	Strong	Flat	Flat	Up	19.60%
Apr 3	C	Strong	Flat	Down	Flat	20.53%
Mar 31	A	Strong	Up	Up	Up	18.37%
Mar 30	A	Strong	Up	Flat	Up	18.99%