Trend Table for GCI - GRYPHON CAPITAL INCOME TRUST

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 21	A	Strong	Up	Up	Flat	3.85%
Jun 20	A	Strong	Up	Up	Flat	3.85%
Jun 19	A	Strong	Up	Up	Up	3.34%
Jun 18	A	Strong	Up	Up	Flat	3.85%
Jun 17	A	Strong	Up	Up	Up	3.34%
Jun 14	A	Strong	Up	Flat	Flat	4.36%
Jun 13	A	Strong	Up	Flat	Flat	4.36%
Jun 12	A	Strong	Up	Flat	Flat	4.36%
Jun 11	A	Strong	Up	Up	Flat	3.85%
Jun 7	A	Strong	Up	Flat	Flat	4.36%