Trend Table for GCI - GRYPHON CAPITAL INCOME TRUST

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 17	B	Weak or Absent	Up	Flat	Flat	19.24%
Feb 16	C	Weak or Absent	Flat	Flat	Flat	19.84%
Feb 15	C	Weak or Absent	Flat	Flat	Flat	19.84%
Feb 14	B	Weak or Absent	Up	Flat	Flat	18.94%
Feb 13	D	Weak or Absent	Flat	Down	Down	20.14%
Feb 10	B	Weak or Absent	Flat	Flat	Flat	19.52%
Feb 9	A	Weak or Absent	Up	Flat	Flat	18.94%
Feb 8	A	Weak or Absent	Up	Flat	Flat	18.94%
Feb 7	C	Weak or Absent	Flat	Down	Down	20.14%
Feb 6	A	Weak or Absent	Flat	Flat	Flat	19.24%