Home topics news News News 2009 market movements – predictions for the year ahead Dale Gillham February 9, 2009 As investors everywhere hope for a resurgent 2009, I have cast my eye over the year ahead. How will the share market perform? Sector by sector here are my predictions. XAO We are now entering a very interesting phase in the market: although we are still locked in a sideways move, we are now about to have a real test of the November 08 low to see whether it will hold up under downward pressure, following the very bearish week we have experienced this week. We have seen nearly a 7.5% fall from last week’s high to this week’s low. In the short term we could see another week down, finding support at around 3400 before resuming an upward move to around 4000. In the medium term the All Ordinaries Index should rise until May or June this year to between 4000 and 5000 points, although I suspect it may only rise to the lower end of the target. If we don’t see the market return to moving up in the next 3 weeks, then I suspect the market may fall to at least 3200 again – although in saying that I believe probability of this occurring is low. Sectors XHJ – Healthcare The healthcare sector is still locked in a sideways move which began back in October 2007. The conundrum with this sector is due to the formation of the