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6/2/09

The technology-sector-stocks-packed Nasdaq is the first major index (the following graph) that has successfully broken out of the resistance line. It later found support and moved up again. The Nasdaq has already reclaimed 36.34% of the loss due to recession from the previous bull maximal point. The DOW has reclaimed only 28.8% and S & P 500 only 30.25%. If the Nasdaq continue to lead, is the technology sector stocks the "locomotive" of next recovery?