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 6	B	Strong	Up	Flat	Flat	20.11%
Apr 5	B	Strong	Flat	Flat	Flat	20.44%
Apr 4	B	Strong	Flat	Flat	Up	20.44%
Apr 3	C	Strong	Flat	Down	Flat	21.37%
Mar 31	A	Strong	Up	Up	Up	19.20%
Mar 30	A	Strong	Up	Flat	Up	19.82%
Mar 29	A	Strong	Up	Flat	Up	20.01%
Mar 28	B	Strong	Flat	Down	Up	20.65%
Mar 27	C	Strong	Down	Down	Flat	22.51%
Mar 24	B	Strong	Down	Down	Flat	21.87%