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Within minutes of the market's close at 3.30pm on Monday, 24 November
1969, Hong Kong's Hang Seng Index was born, weighing in at 158.5 points.
Portents, which are said to mark the arrival of great figures or events, were
pretty thin on the ground that day. We couldn't even find a birth notice (so
we made our own, complete with "authentic" typos). A lack of portents was
about the only similarity in the birth of our CLSA Feng Shui Index more than
22 years later. With the markets as quiet as one hand clapping, we put out
a light-hearted Chinese New Year note in 1992 with predictions from
various feng shui masters. No one paid much heed to the contrarian "index"
added at the last minute. But by year's end
it had managed to correctly call
all seven of the Hang Seng's major turns. The HSI has remained the focus of our
Feng Shui Index ever since. This year, in our continual quest to further
finetune our feng shui forecasts, we put the Hang Seng even more to the
fore by casting its birth chart (top left) and factoring key elements from it
into our overall annual readings. The results should be more specific and
sharply focused on finance and the Hang Seng. |
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