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 2	A	Strong	Up	Up	Up	2.12%
Aug 1	A	Strong	Up	Up	Flat	2.63%
Jul 31	A	Strong	Up	Up	Flat	2.63%
Jul 30	A	Strong	Up	Up	Up	2.12%
Jul 29	A	Strong	Up	Up	Flat	2.84%
Jul 26	A	Strong	Up	Flat	Flat	3.35%
Jul 25	A	Strong	Up	Up	Flat	2.84%
Jul 24	A	Strong	Up	Up	Flat	2.84%
Jul 23	A	Strong	Up	Up	Flat	3.35%
Jul 22	A	Strong	Up	Up	Flat	3.35%