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 16	A	Strong	Up	Up	Flat	1.91%
Aug 15	A	Strong	Up	Up	Flat	1.91%
Aug 14	A	Strong	Up	Up	Flat	1.91%
Aug 13	A	Strong	Up	Up	Up	1.41%
Aug 12	A	Strong	Up	Up	Up	1.41%
Aug 9	A	Strong	Up	Up	Up	1.91%
Aug 8	A	Strong	Up	Up	Up	1.91%
Aug 7	A	Strong	Up	Flat	Flat	2.92%
Aug 6	A	Strong	Up	Flat	Flat	2.92%
Aug 5	A	Strong	Up	Flat	Down	3.44%