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 16	B	Strong	Down	Down	Down	21.60%
Mar 15	B	Strong	Down	Down	Down	22.86%
Mar 14	A	Strong	Flat	Down	Down	20.06%
Mar 13	A	Strong	Up	Up	Flat	17.94%
Mar 10	A	Strong	Up	Flat	Flat	18.52%
Mar 9	A	Strong	Up	Up	Flat	18.23%
Mar 8	A	Weak or Absent	Up	Up	Flat	18.23%
Mar 7	A	Weak or Absent	Up	Up	Flat	18.23%
Mar 6	A	Weak or Absent	Up	Up	Up	17.65%
Mar 3	A	Weak or Absent	Up	Up	Up	17.65%