Trend Table for GCI - GRYPHON CAPITAL INCOME TRUST

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 5	A	Strong	Flat	Up	Flat	19.52%
Jan 4	B	Strong	Flat	Up	Flat	19.84%
Jan 3	A	Strong	Down	Up	Down	20.14%
Dec 30	B	Strong	Down	Up	Down	20.14%
Dec 29	A	Strong	Flat	Up	Flat	19.24%
Dec 28	A	Strong	Flat	Up	Flat	19.52%
Dec 23	A	Strong	Flat	Up	Flat	19.52%
Dec 22	A	Strong	Flat	Up	Flat	19.52%
Dec 21	A	Strong	Flat	Up	Flat	19.52%
Dec 20	A	Strong	Flat	Up	Up	18.94%