Trend Table for GCI - GRYPHON CAPITAL INCOME TRUST

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 2	B	Strong	Flat	Up	Flat	18.69%
Dec 1	B	Strong	Down	Up	Up	18.69%
Nov 30	B	Strong	Down	Up	Up	19.01%
Nov 29	B	Strong	Down	Up	Up	18.69%
Nov 28	A	Strong	Flat	Up	Up	17.80%
Nov 25	B	Weak or Absent	Down	Up	Up	19.92%
Nov 24	B	Weak or Absent	Down	Up	Up	20.22%
Nov 23	B	Weak or Absent	Down	Up	Up	18.69%
Nov 22	C	Weak or Absent	Down	Up	Up	19.92%
Nov 21	C	Weak or Absent	Down	Up	Up	20.53%