This rally in the XAO has been quite extraordinary over the last few weeks. The only thing pushing it up is BHP, RIO, FMG some of the big banks and a few others. We have seen a couple of midcaps have strong rebounds like LNC, PDN and some of the midcap iron ore stocks but the small cap end of town has been dead, no volume and most of these small cap stocks have actually fallen during what is seasonally a very strong part of the year.
Strange to say the least...
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