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 17	D	Weak or Absent	Flat	Down	Flat	19.87%
Apr 14	B	Weak or Absent	Flat	Flat	Flat	19.26%
Apr 13	C	Weak or Absent	Down	Down	Down	20.19%
Apr 12	C	Weak or Absent	Down	Down	Down	20.80%
Apr 11	C	Weak or Absent	Down	Down	Down	20.19%
Apr 6	B	Strong	Up	Flat	Flat	18.94%
Apr 5	B	Strong	Flat	Flat	Flat	19.26%
Apr 4	B	Strong	Flat	Flat	Up	19.26%
Apr 3	C	Strong	Flat	Down	Flat	20.19%
Mar 31	A	Strong	Up	Up	Up	18.04%