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BullandBearWise Index Moved Lower This Week

June 6, 2005 -- For the latest week, the rise in Initial Jobless Claims subtracted an unweighted value of 2 from the Index.



During the week, Manufacturing ISM, Agricultural Prices, Non-Farm Productivity, Factory Orders, Non-Manufacturing ISM and the Unemployment Rate releases remained on-trend and did not affect the BullandBearWise Index.



For the week, the cumulative unweighted change was minus 2, resulting in the Index dropping to 47.76.



"More and more reports indicate the Fed may be near the end of its tightening cycle. For a better perspective of the big picture, my thoughts from March 2004 regarding interest rates may be worth reading again.," said Peter Duray-Bito, owner of BullandBearWise.com. "The commentary is available at http://www.bullandbearwise.com/InterestRates.htm"



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.

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