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BullandBearWise Index Plunges Below 40

May 2, 2005 -- The BullandBearWise Index ranks the importance of 32 economic and financial indicators and assigns them a status of "Bullish" or "Bearish." For the latest week, the drop in Gross Domestic Product (GDP) and Durable Goods each subtracted an unweighted value of 3 from the Index. Also, the rise in Initial Jobless Claims subtracted an unweighted value of 2 from the Index.



During the week, New Home Sales and Personal Income remained on-trend and did not affect the BullandBearWise Index.



For the week, the cumulative unweighted change was minus 8, resulting in the Index dropping to 38.81.



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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