Trend Table for GCI - GRYPHON CAPITAL INCOME TRUST

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 30	A	Weak or Absent	Up	Up	Flat	1.40%
Aug 29	A	Weak or Absent	Up	Up	Flat	1.40%
Aug 28	A	Weak or Absent	Up	Up	Flat	1.62%
Aug 27	A	Weak or Absent	Up	Up	Flat	1.62%
Aug 26	A	Weak or Absent	Up	Up	Flat	1.62%
Aug 23	A	Weak or Absent	Up	Up	Up	1.14%
Aug 22	A	Weak or Absent	Up	Up	Flat	2.12%
Aug 21	A	Strong	Up	Up	Flat	1.62%
Aug 20	A	Strong	Up	Up	Flat	2.12%
Aug 19	A	Strong	Up	Up	Flat	2.12%