Trend Table for GCI - GRYPHON CAPITAL INCOME TRUST

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 30	A	Strong	Up	Flat	Up	18.65%
Mar 29	A	Strong	Up	Flat	Up	18.84%
Mar 28	B	Strong	Flat	Down	Up	19.47%
Mar 27	C	Strong	Down	Down	Flat	21.32%
Mar 24	B	Strong	Down	Down	Flat	20.68%
Mar 23	B	Strong	Down	Down	Flat	20.39%
Mar 22	C	Strong	Down	Down	Down	21.94%
Mar 21	C	Strong	Down	Down	Down	23.22%
Mar 20	B	Strong	Down	Down	Down	20.39%
Mar 17	C	Strong	Down	Down	Down	21.00%