Trend Table for GCI - GRYPHON CAPITAL INCOME TRUST

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Oct 7	B	Weak or Absent	Down	Down	Flat	21.78%
Oct 6	B	Strong	Down	Down	Flat	21.15%
Oct 5	C	Weak or Absent	Down	Down	Flat	21.78%
Oct 4	B	Strong	Down	Down	Flat	21.15%
Oct 3	B	Weak or Absent	Down	Down	Down	23.39%
Sep 30	B	Weak or Absent	Down	Down	Down	21.78%
Sep 29	B	Weak or Absent	Down	Down	Down	23.05%