BullandBearWise Index Continued Higher This Week

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) May 28, 2005 -- For the latest week, the rise in Durable Goods added an unweighted value of 3 to the Index.

During the week, New Home Sales, Initial Jobless Claim, revised GDP and Personal Income releases remained on-trend and did not affect the BullandBearWise Index.

For the week, the cumulative unweighted change was plus 3, resulting in the Index rising to 50.75.

�Even though GDP was revised slightly upward to 3.5 percent, the indicator did not flip to bullish because it is still lower than last quarter and it is right on the cusp between bullish and bearish.,� said Peter Duray-Bito, owner of BullandBearWise.com. �Had GDP been revised to 3.6 percent, the indicator would have turned bullish.�

The indicators used in the BullandBearWise Index are weighted based on the table available at http://www.bullandbearwise.com/calculation.asp. All bullish indicators are then summed and divided into the sum of all the indicators. When an indicator changes from bearish to bullish, the Index increases 1.5 times the Weighting. For example, if Consumer Credit (Weighting = 1) turns from bearish to bullish, the BullandBearWise Index would increase by 1.5.